What Can We Expect Following a First Busey Corp (NASDAQ:BUSE) Upgrade By KBW?

May 18, 2018 - By Hannah Black

First Busey Corporation (NASDAQ:BUSE) Logo

First Busey Corp (NASDAQ:BUSE) Stock Upgrade

In a report issued to clients and investors this morning, KBW boosted their rating on shares of First Busey Corp (NASDAQ:BUSE) to a “Buy”

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. The stock has “Buy” rating by B. Riley & Co on Tuesday, February 6. The stock of First Busey Corporation (NASDAQ:BUSE) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Sandler O’Neill maintained First Busey Corporation (NASDAQ:BUSE) on Thursday, February 1 with “Buy” rating. FBR Capital upgraded the shares of BUSE in report on Tuesday, February 6 to “Buy” rating. Sandler O’Neill maintained First Busey Corporation (NASDAQ:BUSE) on Tuesday, March 27 with “Buy” rating.

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

First Busey Corporation (NASDAQ:BUSE) Ratings Chart

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