First Busey Corp. (BUSE) Reaches New 52-Week High at $23.74
Shares of First Busey Corp. (NASDAQ:BUSE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.74 and last traded at $23.71, with a volume of 95,112 shares changing hands. The stock had previously closed at $22.94.
Several research firms have issued reports on BUSE. Keefe, Bruyette & Woods lifted their price target on First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday. Zacks Investment Research raised First Busey Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday. Finally, DA Davidson began coverage on First Busey Corp. in a research report on Thursday, April 7th. They issued a “buy” rating and a $23.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. First Busey Corp. currently has a consensus rating of “Buy” and an average price target of $22.57.
The firm has a market capitalization of $905.18 million and a price-to-earnings ratio of 16.48. The company has a 50-day moving average price of $21.97 and a 200-day moving average price of $20.64.
First Busey Corp. (NASDAQ:BUSE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.02. On average, equities analysts forecast that First Busey Corp. will post $1.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, July 20th. This represents a $0.68 dividend on an annualized basis and a yield of 2.87%.
In other news, Director Stanley J. Bradshaw purchased 1,603 shares of the business’s stock in a transaction on Friday, July 29th. The shares were acquired at an average price of $22.97 per share, with a total value of $36,820.91. Following the completion of the transaction, the director now owns 1,250 shares of the company’s stock, valued at approximately $28,712.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in First Busey Corp. stock. Russell Frank Co raised its position in First Busey Corp. (NASDAQ:BUSE) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,251 shares of the company’s stock after buying an additional 11,100 shares during the period. Russell Frank Co owned approximately 0.19% of First Busey Corp. worth $1,119,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.