Media stories about First Busey (NASDAQ:BUSE) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Busey earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.5318266632995 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- After yet another copper wire theft, Gig Harbor athletic director left wondering what else can be done (thenewstribune.com)
- First Busey Co. Declares Quarterly Dividend of $0.20 (BUSE) (americanbankingnews.com)
- Busey bank releases CEO pay ratio (news-gazette.com)
- First Busey (BUSE) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Heartland Financial USA (HTLF) and First Busey (BUSE) Financial Survey (americanbankingnews.com)
Shares of First Busey stock opened at $30.20 on Friday. First Busey has a 52-week low of $27.33 and a 52-week high of $32.88. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1,487.04, a P/E ratio of 18.76, a PEG ratio of 2.26 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 20th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 19th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. First Busey’s dividend payout ratio is presently 49.69%.
A number of brokerages recently issued reports on BUSE. BidaskClub upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. Piper Jaffray reiterated a “hold” rating and issued a $33.00 price target on shares of First Busey in a research note on Tuesday, January 9th. Finally, B. Riley upgraded shares of First Busey from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $36.00 to $35.00 in a research note on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.60.
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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