First Busey Corp. Declares Quarterly Dividend of $0.17 (buse)
First Busey Corp. (NASDAQ:buse) announced a quarterly dividend on Wednesday, October 12th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.17 per share on Friday, October 28th. This represents a $0.68 annualized dividend and a yield of 3.06%. The ex-dividend date is Wednesday, October 19th.
Shares of First Busey Corp. (NASDAQ:BUSE) opened at 22.25 on Thursday. The firm’s 50-day moving average is $22.94 and its 200 day moving average is $21.95. The firm has a market cap of $850.04 million, a PE ratio of 15.46 and a beta of 0.92. First Busey Corp. has a 52 week low of $17.68 and a 52 week high of $24.02.
First Busey Corp. (NASDAQ:BUSE) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.02. First Busey Corp. had a net margin of 22.23% and a return on equity of 10.66%. Equities research analysts forecast that First Busey Corp. will post $1.52 EPS for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut First Busey Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Keefe, Bruyette & Woods upped their price target on First Busey Corp. from $22.00 to $23.00 and gave the stock a “market perform” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.83.
In other First Busey Corp. news, Director Stanley J. Bradshaw acquired 1,603 shares of the business’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of $22.97 per share, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BUSE. Vanguard Group Inc. boosted its position in First Busey Corp. by 35.1% in the second quarter. Vanguard Group Inc. now owns 1,259,063 shares of the company’s stock valued at $26,931,000 after buying an additional 327,130 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its position in First Busey Corp. by 71.6% in the second quarter. Columbia Wanger Asset Management LLC now owns 603,813 shares of the company’s stock valued at $12,916,000 after buying an additional 251,974 shares during the last quarter. BlackRock Fund Advisors boosted its position in First Busey Corp. by 31.8% in the second quarter. BlackRock Fund Advisors now owns 804,479 shares of the company’s stock valued at $17,208,000 after buying an additional 194,299 shares during the last quarter. Banc Funds Co. LLC boosted its position in First Busey Corp. by 182.1% in the second quarter. Banc Funds Co. LLC now owns 182,457 shares of the company’s stock valued at $3,903,000 after buying an additional 117,789 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in First Busey Corp. during the second quarter valued at about $2,507,000. Hedge funds and other institutional investors own 46.21% of the company’s stock.
About First Busey Corp.
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.
Receive News & Stock Ratings for First Busey Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey Corp. and related stocks with our FREE daily email newsletter.