First Busey Corp. (BUSE) Sees Unusually-High Trading Volume
First Busey Corp. (NASDAQ:BUSE) saw an uptick in trading volume on Wednesday . 189,570 shares changed hands during trading, an increase of 40% from the previous session’s volume of 134,963 shares.The stock last traded at $21.60 and had previously closed at $21.16.
Several equities analysts have commented on BUSE shares. DA Davidson started 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 target for the company. 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. First Busey Corp. currently has a consensus rating of “Buy” and an average target price of $22.00.
The firm’s 50 day moving average price is $21.59 and its 200 day moving average price is $20.32. The stock has a market cap of $823.95 million and a price-to-earnings ratio of 15.21.
First Busey Corp. (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Equities research analysts anticipate that First Busey Corp. will post $1.51 earnings per share for the current fiscal year.
In other First Busey Corp. news, Director David J. Downey acquired 7,500 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was bought at an average cost of $20.60 per share, for a total transaction of $154,500.00. Following the completion of the purchase, the director now directly owns 190,899 shares in the company, valued at $3,932,519.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Bailard Inc. purchased a new position in shares of First Busey Corp. during the fourth quarter valued at $1,264,000. LSV Asset Management increased its position in shares of First Busey Corp. by 134.7% in the fourth quarter. LSV Asset Management now owns 97,644 shares of the company’s stock valued at $2,014,000 after buying an additional 56,045 shares during the period. Dimensional Fund Advisors LP increased its position in shares of First Busey Corp. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 976,065 shares of the company’s stock valued at $20,137,000 after buying an additional 45,396 shares during the period. Nationwide Fund Advisors increased its position in shares of First Busey Corp. by 39.4% in the fourth quarter. Nationwide Fund Advisors now owns 114,585 shares of the company’s stock valued at $2,364,000 after buying an additional 32,411 shares during the period. Finally, Morgan Stanley increased its position in shares of First Busey Corp. by 16.7% in the fourth quarter. Morgan Stanley now owns 158,094 shares of the company’s stock valued at $3,262,000 after buying an additional 22,655 shares during the period.
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.