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 given 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. First Busey Corp. has a 12-month low of $17.68 and a 12-month high of $24.02. The firm has a 50-day moving average price of $22.94 and a 200 day moving average price of $21.95. The firm has a market cap of $850.04 million, a price-to-earnings ratio of 15.46 and a beta of 0.92.
First Busey Corp. (NASDAQ:BUSE) last issued its earnings results on Thursday, July 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by $0.02. First Busey Corp. had a return on equity of 10.66% and a net margin of 22.23%. On average, equities research analysts anticipate that First Busey Corp. will post $1.52 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on BUSE. Zacks Investment Research lowered First Busey Corp. from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Keefe, Bruyette & Woods boosted their price objective on First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a research report 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 given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.83.
In other First Busey Corp. news, Director Stanley J. Bradshaw bought 1,603 shares of the business’s stock in a transaction on Friday, July 29th. The shares were purchased at an average price of $22.97 per share, with a total value of $36,820.91. Following the purchase, the director now directly owns 1,250 shares of the company’s stock, valued at $28,712.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 stake in shares of First Busey Corp. during the second quarter valued at $2,507,000. 46.21% of the stock is currently owned by hedge funds and other institutional investors.
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.
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