First Busey Corp. (BUSE) Reaches New 1-Year High at $23.74
First Busey Corp. (NASDAQ:BUSE)’s share price hit a new 52-week high 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 equities analysts have recently weighed in on BUSE shares. Zacks Investment Research upgraded First Busey Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Keefe, Bruyette & Woods raised their price target on First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. First Busey Corp. presently has a consensus rating of “Buy” and an average target price of $22.57.
The company has a 50 day moving average of $22.04 and a 200-day moving average of $20.66. The firm has a market capitalization of $905.18 million and a P/E ratio of 16.48.
First Busey Corp. (NASDAQ:BUSE) last issued its earnings results on Thursday, July 28th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Analysts predict that First Busey Corp. will post $1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, July 20th.
In other news, Director Stanley J. Bradshaw bought 1,603 shares of the stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of $22.97 per share, for a total transaction of $36,820.91. Following the acquisition, the director now owns 1,250 shares of the company’s stock, valued at $28,712.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in First Busey Corp. stock. Russell Frank Co boosted its stake in First Busey Corp. (NASDAQ:BUSE) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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.
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