First Busey Corporation (BUSE): Analysis on simple moving average


First Busey Corporation (NASDAQ:BUSE) changes shares on Wednesday trading session, with a change of -4.26% or -$0.77 shares. The trading starts at $17.86 and closed at $18.08 throughout the day. The trading session low price was $17.105 and day high was $18.15 on Wednesday, June 24. After the session, the Financial sector daily volume shifted to 0.22 million while its average volume is 208.37K. In other hand, the BUSE market cap reached to $917.95M. While, its current target price is $17.31 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.70% and down -1.87% for month. Its quarterly performance was 13.96% above, while its half year performance is down -37.15%. BUSE yearly performance stood at negative -32.54% and fall -37.05% for year-to-date. Current recommendation for First Busey Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. BUSE EPS (TTM) for 12-month is 1.67. EPS for this year is -7.10%, while for the next year its value is 1.40. Sales growth for the current quarter is 1.72 while its EPS Q/Q reached -41.10%. It has an EPS of 11.10% up for past five years and for the next five years will be up 6.00%.

Let’s take a look on the analyst recommendations on BUSE for the current month and previous month. For the current month, 4 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $19.00-$26.00. Average target price for BUSE was reached at $21.83.

The insider ownership moved to 3.40% and institutional holding shifted to 48.70%.

The company posted an EPS (TTM) of 1.67. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of 0.28, while 0.43 EPS posted a year ago period. Analyst Estimated EPS for BUSE published in the report was 0.13-0.43 during the same period. Comparing with last year, the average estimated EPS was 0.43 which is higher than 0.28 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for BUSE fall -23.66% for period of 200 days. SMA for 50 days was -0.19% which is showing red signal, while SMA-20 was -6.14%. The moving average value for First Busey Corporation (BUSE) is 21.12 and 17.47 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in BUSE stock. On May 14, BRADSHAW STANLEY J, Director, bought 4,198 trading shares at the cost of $14.50, which valued at 60871.0. On May 13, BRADSHAW STANLEY J, Director, bought 4,000 shares at the cost of $14.99, with total shares of 17,102. On May 12, BRADSHAW STANLEY J, Director, bought 5,800 shares at the cost of 15.69. After this transaction, BRADSHAW STANLEY J total shares reached to 280,800 which valued at 91026.0.