First Busey Corporation (NASDAQ:BUSE) Shares Bought by American International Group Inc.
American International Group Inc. increased its stake in First Busey Corporation (NASDAQ:BUSE) by 7.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,051 shares of the bank’s stock after buying an additional 1,247 shares during the period. American International Group Inc.’s holdings in First Busey Corporation were worth $560,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its position in First Busey Corporation by 18.6% in the fourth quarter. State Street Corp now owns 573,540 shares of the bank’s stock worth $17,649,000 after buying an additional 89,831 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of First Busey Corporation by 64.0% in the fourth quarter. AQR Capital Management LLC now owns 106,808 shares of the bank’s stock worth $3,287,000 after buying an additional 41,671 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of First Busey Corporation by 32.5% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 576,033 shares of the bank’s stock worth $16,935,000 after buying an additional 141,364 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of First Busey Corporation during the first quarter worth about $299,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of First Busey Corporation by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,625,983 shares of the bank’s stock worth $50,048,000 after buying an additional 50,013 shares during the last quarter. Hedge funds and other institutional investors own 43.73% of the company’s stock.
Shares of First Busey Corporation (BUSE) traded up 0.47% on Friday, hitting $29.71. 105,254 shares of the stock were exchanged. The firm’s 50-day moving average is $29.40 and its 200-day moving average is $29.63. First Busey Corporation has a one year low of $21.80 and a one year high of $32.22. The company has a market cap of $1.14 billion, a P/E ratio of 19.65 and a beta of 0.99.
First Busey Corporation (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.66%. The firm had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $63.40 million. On average, equities analysts forecast that First Busey Corporation will post $1.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.42%. First Busey Corporation’s payout ratio is presently 47.37%.
Several equities analysts recently commented on the company. Zacks Investment Research lowered First Busey Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Jaffray Companies set a $32.00 price objective on shares of First Busey Corporation and gave the company a “hold” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of First Busey Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 price objective on shares of First Busey Corporation in a research note on Wednesday, April 26th. Finally, ValuEngine upgraded shares of First Busey Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.00.
In other news, insider Curt A. Anderson sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $29.40, for a total value of $41,160.00. Following the completion of the sale, the insider now owns 43,482 shares of the company’s stock, valued at $1,278,370.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.
First Busey Corporation Company Profile
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. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.
Receive News & Stock Ratings for First Busey Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey Corporation and related stocks with our FREE daily email newsletter.