First Busey Corp. (BUSE) Shares Down 1.6%
First Busey Corp. (NASDAQ:BUSE) traded down 1.6% during mid-day trading on Wednesday . The stock traded as low as $22.43 and last traded at $22.49, with a volume of 71,621 shares traded. The stock had previously closed at $22.85.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of First Busey Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. DA Davidson assumed coverage on shares of First Busey Corp. in a research report on Thursday, April 7th. They issued a “buy” rating and a $23.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. First Busey Corp. presently has a consensus rating of “Buy” and an average target price of $22.00.
The firm’s 50-day moving average is $21.88 and its 200 day moving average is $20.45. The stock has a market capitalization of $857.90 million and a price-to-earnings ratio of 15.84.
First Busey Corp. (NASDAQ:BUSE) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Analysts anticipate that First Busey Corp. will post $1.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 22nd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Wednesday, July 20th.
In related news, Director David J. Downey purchased 7,500 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average cost of $20.60 per share, for a total transaction of $154,500.00. Following the completion of the acquisition, the director now owns 190,899 shares in the company, valued at approximately $3,932,519.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other institutional investors have modified their holdings of the company. Russell Frank Co raised its position in shares of First Busey Corp. by 26.3% in the fourth quarter. Russell Frank Co now owns 53,251 shares of the company’s stock valued at $1,119,000 after buying an additional 11,100 shares during the last quarter. Bailard Inc. purchased a new position in First Busey Corp. during the fourth quarter worth approximately $1,264,000. LSV Asset Management raised its position in First Busey Corp. by 134.7% in the fourth quarter. LSV Asset Management now owns 97,644 shares of the company’s stock worth $2,014,000 after buying an additional 56,045 shares in the last quarter. Nationwide Fund Advisors raised its position in First Busey Corp. by 39.4% in the fourth quarter. Nationwide Fund Advisors now owns 114,585 shares of the company’s stock worth $2,364,000 after buying an additional 32,411 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in First Busey Corp. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 976,065 shares of the company’s stock worth $20,137,000 after buying an additional 45,396 shares in the last quarter.
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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