$0.42 EPS Expected for First Busey Corporation (BUSE)

July 18, 2017 - By Clifton Ray

 $0.42 EPS Expected for First Busey Corporation (BUSE)

Wall Street await First Busey Corporation (NASDAQ:BUSE) to release earnings on July, 27. Analysts forecast EPS of $0.42, up exactly $0.02 or 5.00 % from 2014’s $0.4 EPS. The expected BUSE’s profit could reach $18.70M giving the stock 17.38 P/E in the case that $0.42 earnings per share is reported. After posting $0.41 EPS for the previous quarter, First Busey Corporation’s analysts now forecast 2.44 % EPS growth. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.2. About 85,124 shares traded. First Busey Corporation (NASDAQ:BUSE) has risen 36.90% since July 18, 2016 and is uptrending. It has outperformed by 20.20% the S&P500.

First Busey Corporation (NASDAQ:BUSE) Ratings Coverage

Among 6 analysts covering First Busey Corp (NASDAQ:BUSE), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. First Busey Corp had 10 analyst reports since July 22, 2015 according to SRatingsIntel. Piper Jaffray initiated the stock with “Neutral” rating in Thursday, January 12 report. FBR Capital downgraded the shares of BUSE in report on Tuesday, December 20 to “Mkt Perform” rating. On Thursday, September 17 the stock rating was upgraded by Sandler O’Neill to “Buy”. As per Friday, May 26, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 26 report.

First Busey Corporation is a financial holding company. The company has market cap of $1.30 billion. The Firm offers a range of financial services through its banking and non-banking subsidiaries. It has a 20.32 P/E ratio. The Firm operates through three divisions: Banking, Remittance Processing and Wealth Management.

More news for First Busey Corporation (NASDAQ:BUSE) were recently published by: Bizjournals.com, which released: “First Busey makes another acquisition” on February 08, 2017. Nasdaq.com‘s article titled: “First Busey Corporation Finalizes Acquisition of First Community Financial …” and published on July 03, 2017 is yet another important article.

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