First Busey (BUSE) Scheduled to Post Earnings on Tuesday

First Busey (NASDAQ:BUSE) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect First Busey to post earnings of $0.49 per share for the quarter.

First Busey (NASDAQ:BUSE) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $108.65 million during the quarter, compared to the consensus estimate of $107.74 million. First Busey had a net margin of 20.37% and a return on equity of 10.38%. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Busey Stock Performance

Shares of BUSE opened at $22.81 on Monday. The company has a 50-day simple moving average of $23.06 and a 200-day simple moving average of $22.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.26 billion, a PE ratio of 10.51 and a beta of 0.85. First Busey has a 52-week low of $16.26 and a 52-week high of $25.80.

First Busey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.21%. First Busey’s dividend payout ratio is presently 44.24%.

Insider Activity at First Busey

In other First Busey news, Director Karen M. Jensen acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average cost of $22.98 per share, with a total value of $45,960.00. Following the purchase, the director now owns 47,585 shares in the company, valued at $1,093,503.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other First Busey news, Director Karen M. Jensen acquired 2,500 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $24.40 per share, with a total value of $61,000.00. Following the purchase, the director now owns 45,585 shares in the company, valued at $1,112,274. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen M. Jensen purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $22.98 per share, for a total transaction of $45,960.00. Following the completion of the purchase, the director now directly owns 47,585 shares in the company, valued at $1,093,503.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,917 shares of company stock valued at $117,215 and have sold 6,900 shares valued at $157,182. 7.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Busey

Several hedge funds have recently modified their holdings of BUSE. Bank of New York Mellon Corp boosted its stake in shares of First Busey by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 328,890 shares of the bank’s stock worth $8,335,000 after purchasing an additional 2,067 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of First Busey by 4.4% during the 1st quarter. Bank of Montreal Can now owns 13,021 shares of the bank’s stock worth $335,000 after purchasing an additional 550 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of First Busey during the 1st quarter worth about $176,000. MetLife Investment Management LLC boosted its stake in shares of First Busey by 49.7% during the 1st quarter. MetLife Investment Management LLC now owns 27,656 shares of the bank’s stock worth $701,000 after purchasing an additional 9,178 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Busey by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,684,215 shares of the bank’s stock worth $68,019,000 after purchasing an additional 104,955 shares during the last quarter. 56.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of First Busey from a “sell” rating to a “hold” rating in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, First Busey presently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.