Keefe Bruyette & Woods Maintains First Busey Corporation to Market Perform with Price Target $23.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on First Busey Corporation(NASDAQ:BUSE). In a research note issued to the investors, the brokerage major Lowers the price-target to $23.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

First Busey Corporation (BUSE) made into the market gainers list on Mondays trading session with the shares advancing 0.13% or 0.03 points. Due to strong positive momentum, the stock ended at $23.75, which is also near the day’s high of $23.86. The stock began the session at $23.74 and the volume stood at 1,15,646 shares. The 52-week high of the shares is $23.86 and the 52 week low is $17.68. The company has a current market capitalization of $906 M and it has 3,81,46,117 shares in outstanding.

First Busey Corporation(BUSE) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $56.53M. Analysts had an estimated revenue of $55.50M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Jon D Stewart (director) purchased 305 shares at $21.16 per share price.Also, On May 3, 2016, David J Downey (director) purchased 7,500 shares at $20.60 per share price.On Mar 15, 2016, Stephen V King (director) purchased 7,000 shares at $20.08 per share price, according to the Form-4 filing with the securities and exchange commission.

First Busey Corporation (First Busey) is a financial holding company. First Busey offers a range of financial services through its banking and non-banking subsidiaries at multiple locations in Illinois Florida Indiana and Missouri. It has one wholly owned bank subsidiary Busey Bank (the Bank) which has locations in Illinois Indiana and Florida. First Busey conducts the business of banking and related services through the Bank asset management brokerage and fiduciary services through Busey Wealth Management Inc. (Busey Wealth Management) and retail payment processing through FirsTech Inc. (FirsTech). The Bank offers a range of banking services including commercial agricultural and real estate loans and retail banking services including home equity lines of credit residential real estate and consumer loans customary types of demand and savings deposits money transfers and safe deposit services individual retirement accounts (IRA) Keogh and other fiduciary services.

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