Equities research analysts expect that First Busey Co. (NASDAQ:BUSE) will post sales of $98.39 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for First Busey’s earnings. The highest sales estimate is $101.00 million and the lowest is $96.78 million. First Busey posted sales of $101.32 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Tuesday, July 28th.
According to Zacks, analysts expect that First Busey will report full-year sales of $402.34 million for the current financial year, with estimates ranging from $391.00 million to $418.00 million. For the next financial year, analysts forecast that the firm will report sales of $386.66 million, with estimates ranging from $379.51 million to $398.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover First Busey.
First Busey (NASDAQ:BUSE) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $98.26 million. First Busey had a return on equity of 8.84% and a net margin of 19.57%.
In other news, Director Stanley J. Bradshaw acquired 4,198 shares of First Busey stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $60,871.00. Following the transaction, the director now owns 6,288 shares of the company’s stock, valued at $91,176. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley J. Bradshaw acquired 5,800 shares of First Busey stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $15.69 per share, for a total transaction of $91,002.00. Following the completion of the transaction, the director now directly owns 6,288 shares in the company, valued at approximately $98,658.72. The disclosure for this purchase can be found here. 7.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank grew its position in First Busey by 0.7% during the 1st quarter. Swiss National Bank now owns 96,099 shares of the bank’s stock worth $1,644,000 after acquiring an additional 700 shares during the last quarter. Victory Capital Management Inc. grew its position in First Busey by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 190,289 shares of the bank’s stock worth $3,256,000 after acquiring an additional 794 shares during the last quarter. Commonwealth Equity Services LLC grew its position in First Busey by 3.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,271 shares of the bank’s stock worth $381,000 after acquiring an additional 800 shares during the last quarter. Gamco Investors INC. ET AL grew its position in First Busey by 4.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 23,000 shares of the bank’s stock worth $394,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Busey by 28.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,184 shares of the bank’s stock worth $89,000 after acquiring an additional 1,140 shares during the last quarter. Institutional investors and hedge funds own 45.99% of the company’s stock.
BUSE traded down $0.57 during trading on Monday, reaching $17.26. 541,527 shares of the company were exchanged, compared to its average volume of 203,833. The company’s 50-day moving average is $17.51 and its two-hundred day moving average is $21.29. The company has a market cap of $969.97 million, a price-to-earnings ratio of 10.61 and a beta of 1.12. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.18. First Busey has a 12-month low of $11.00 and a 12-month high of $28.00.
About First Busey
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.
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