First Busey Corp. (NASDAQ:buse) announced a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, October 21st will be given a dividend of 0.17 per share on Friday, October 28th. This represents a $0.68 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, October 19th.
Shares of First Busey Corp. (NASDAQ:BUSE) opened at 21.88 on Friday. The company has a 50-day moving average of $22.89 and a 200-day moving average of $21.95. First Busey Corp. has a 1-year low of $17.68 and a 1-year high of $24.02. The company has a market cap of $835.90 million, a PE ratio of 15.21 and a beta of 0.92.
First Busey Corp. (NASDAQ:BUSE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. First Busey Corp. had a net margin of 22.23% and a return on equity of 10.66%. Equities analysts forecast that First Busey Corp. will post $1.52 EPS for the current year.
In related news, Director Stanley J. Bradshaw bought 1,603 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were bought at an average price of $22.97 per share, for a total transaction of $36,820.91. Following the transaction, the director now directly owns 1,250 shares of the company’s stock, valued at $28,712.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC bought a new position in First Busey Corp. during the second quarter worth about $242,000. AQR Capital Management LLC increased its position in First Busey Corp. by 25.3% in the second quarter. AQR Capital Management LLC now owns 33,890 shares of the company’s stock worth $725,000 after buying an additional 6,852 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in First Busey Corp. during the second quarter worth about $2,507,000. Bridgeway Capital Management Inc. increased its position in First Busey Corp. by 43.5% in the second quarter. Bridgeway Capital Management Inc. now owns 80,457 shares of the company’s stock worth $1,721,000 after buying an additional 24,371 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in First Busey Corp. by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 79,385 shares of the company’s stock worth $1,698,000 after buying an additional 625 shares during the last quarter. Institutional investors own 46.21% of the company’s stock.
BUSE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded shares of First Busey Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. First Busey Corp. currently has an average rating of “Hold” and an average target price of $22.83.
First Busey Corp. Company Profile
First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management.
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