Should Investors Be Buying First Busey (NASDAQ:BUSE) Stock Following Today’s Keefe Bruyette \u0026 Woods Upgrade?

May 17, 2018 - By Kristen Paramore

First Busey Corporation (NASDAQ:BUSE) Logo

First Busey (NASDAQ:BUSE) Stock Upgrade

In analysts report revealed to clients today, Keefe Bruyette \u0026 Woods upped shares of First Busey (NASDAQ:BUSE) to a solid “Outperform” rating from their previous “Market Perform” rating.

First Busey Corporation (NASDAQ:BUSE) Ratings Coverage

Among 4 analysts covering First Busey Corp (NASDAQ:BUSE), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. First Busey Corp has $36.0 highest and $3400 lowest target. $35’s average target is 10.65% above currents $31.63 stock price. First Busey Corp had 5 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $36.0 target in Thursday, December 21 report. On Tuesday, March 27 the stock rating was maintained by Sandler O’Neill with “Buy”. The company was maintained on Thursday, February 1 by Sandler O’Neill. FBR Capital upgraded First Busey Corporation (NASDAQ:BUSE) rating on Tuesday, February 6. FBR Capital has “Buy” rating and $35.0 target. B. Riley & Co maintained First Busey Corporation (NASDAQ:BUSE) rating on Tuesday, February 6. B. Riley & Co has “Buy” rating and $35 target.

The stock increased 3.54% or $1.08 during the last trading session, reaching $31.63. About 300,882 shares traded or 192.12% up from the average. First Busey Corporation (NASDAQ:BUSE) has risen 2.12% since May 17, 2017 and is uptrending. It has underperformed by 9.43% the S&P500.

Analysts await First Busey Corporation (NASDAQ:BUSE) to report earnings on July, 24. They expect $0.54 EPS, up 25.58 % or $0.11 from last year’s $0.43 per share. BUSE’s profit will be $26.31M for 14.64 P/E if the $0.54 EPS becomes a reality. After $0.51 actual EPS reported by First Busey Corporation for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

First Busey Corporation operates as the bank holding firm for Busey Bank that provides retail and commercial banking services and products to individual, corporate, institutional, and governmental clients in the United States. The company has market cap of $1.54 billion. The firm operates in three divisions: Banking, Remittance Processing, and Wealth Management. It has a 21.81 P/E ratio. It offers customary types of demand and savings deposits; and commercial, agricultural, commercial and residential real estate, and consumer loans, as well as home equity lines of credit.

More news for First Busey Corporation (NASDAQ:BUSE) were recently published by: Streetinsider.com, which released: “UPDATE: Keefe, Bruyette & Woods Upgrades First Busey (BUSE) to Outperform” on May 17, 2018. Globenewswire.com‘s article titled: “First Busey Announces 2018 First Quarter Earnings” and published on April 24, 2018 is yet another important article.

First Busey Corporation (NASDAQ:BUSE) Ratings Chart

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