The stock of First Busey Corporation (NASDAQ:BUSE) is a huge mover today! The stock decreased 2.96% or $0.67 during the last trading session, hitting $21.93. About 159,958 shares traded hands or 82.14% up from the average. First Busey Corporation (NASDAQ:BUSE) has risen 13.27% since March 1, 2016 and is uptrending. It has outperformed by 1.06% the S&P500.
The move comes after 9 months negative chart setup for the $842.67 million company. It was reported on Oct, 4 by Barchart.com. We have $20.39 PT which if reached, will make NASDAQ:BUSE worth $58.99 million less.
Analysts await First Busey Corporation (NASDAQ:BUSE) to report earnings on October, 25. They expect $0.39 EPS, up 8.33% or $0.03 from last year’s $0.36 per share. BUSE’s profit will be $14.99 million for 14.06 P/E if the $0.39 EPS becomes a reality. After $0.40 actual EPS reported by First Busey Corporation for the previous quarter, Wall Street now forecasts -2.50% negative EPS growth.
First Busey Corporation (NASDAQ:BUSE) Ratings Coverage
Out of 4 analysts covering First Busey Corp (NASDAQ:BUSE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. First Busey Corp has been the topic of 6 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Thursday, September 17 the stock rating was upgraded by Sandler O’Neill to “Buy”.
According to Zacks Investment Research, “First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services.”
More recent First Busey Corporation (NASDAQ:BUSE) news were published by: Globenewswire.com which released: “First Busey Corporation Finalizes Acquisition of Pulaski Financial Corp. and …” on May 02, 2016. Also Stltoday.com published the news titled: “Pulaski Financial sold to First Busey for $210.7 million” on December 03, 2015. Globenewswire.com‘s news article titled: “First Busey Corporation and Pulaski Financial Corp. Announce Shareholder …” with publication date: March 30, 2016 was also an interesting one.
BUSE Company Profile
First Busey Corporation (First Busey), incorporated on June 14, 1993, is a financial holding company. The Firm offers a range of financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank), which is an Illinois state-chartered bank, with activities in approximately 30 locations in Illinois, approximately seven in southwest Florida and one in Indianapolis, Indiana. The Firm operates through three divisions: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate clients through its branch network in downstate Illinois, through its branch in Indianapolis, Indiana, and through its branch network in southwest Florida. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services, and farm and brokerage services.
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