Stephens Sticks to Its Hold Rating for First Busey (BUSE)
Stephens analyst Brandon Rud maintained a Hold rating on First Busey today and set a price target of $27.00.
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Rud covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Old Second Bancorp, and First Busey. According to TipRanks, Rud has an average return of 8.4% and a 77.78% success rate on recommended stocks.
First Busey has an analyst consensus of Moderate Buy, with a price target consensus of $28.00.
Based on First Busey’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $277.79 million and a net profit of $60.75 million. In comparison, last year the company earned a revenue of $165.69 million and had a net profit of $28.11 million
Based on the recent corporate insider activity of 159 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BUSE in relation to earlier this year. Last month, Stanley Bradshaw, a Director at BUSE bought 400.00 shares for a total of $9,600.00.
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