First Busey Co. (BUSE) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in shares of First Busey Co. (NASDAQ:BUSE) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 70,235 shares of the bank’s stock after acquiring an additional 3,056 shares during the period. Teachers Advisors LLC’s holdings in First Busey were worth $2,103,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in First Busey by 6.0% during the fourth quarter. California State Teachers Retirement System now owns 64,218 shares of the bank’s stock valued at $1,923,000 after purchasing an additional 3,633 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in First Busey during the fourth quarter valued at approximately $557,000. Deutsche Bank AG grew its position in First Busey by 105.8% during the fourth quarter. Deutsche Bank AG now owns 105,567 shares of the bank’s stock valued at $3,157,000 after purchasing an additional 54,270 shares in the last quarter. Thrivent Financial For Lutherans grew its position in First Busey by 20.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 171,307 shares of the bank’s stock valued at $5,129,000 after purchasing an additional 29,187 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in First Busey by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 575,133 shares of the bank’s stock valued at $17,219,000 after purchasing an additional 22,800 shares in the last quarter. 47.16% of the stock is currently owned by hedge funds and other institutional investors.
BUSE stock opened at $30.58 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1,471.00, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. First Busey Co. has a 12 month low of $27.33 and a 12 month high of $32.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, April 19th. First Busey’s dividend payout ratio is 49.69%.
BUSE has been the topic of a number of research analyst reports. B. Riley raised shares of First Busey from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $36.00 to $35.00 in a research report on Tuesday, February 6th. BidaskClub raised shares of First Busey from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of First Busey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Piper Jaffray reissued a “hold” rating and issued a $33.00 target price on shares of First Busey in a research report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.60.
First Busey Profile
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.
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