B.Riley FBR analyst Steve Moss maintained a Buy rating on First Busey Corp (NASDAQ: BUSE) today and set a price target of $36. The company’s shares closed yesterday at $32.63, close to its 52-week high of $33.22.
According to TipRanks.com, Moss is a 4-star analyst with an average return of 12.6% and a 79.0% success rate. Moss covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Meta Financial Group, and Banc of California.
First Busey Corp has an analyst consensus of Strong Buy, with a price target consensus of $35.67.
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Based on First Busey Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $21.92 million. In comparison, last year the company had a net profit of $15.17 million.
Based on the recent corporate insider activity of 149 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Busey Corp. is a bank holding company, which provides financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. It operates the following segments: Banking, Remittance Processing, and Wealth Management.
