First Busey Corporation (BUSE) Announces $0.18 Quarterly Dividend
First Busey Corporation (NASDAQ:BUSE) announced a quarterly dividend on Thursday, October 12th, Wall Street Journal reports. Stockholders of record on Friday, October 20th will be given a dividend of 0.18 per share by the bank on Friday, October 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, October 19th.
First Busey Corporation (NASDAQ BUSE) traded down 0.65% during mid-day trading on Thursday, hitting $31.88. The stock had a trading volume of 74,909 shares. The stock has a market cap of $1.45 billion, a PE ratio of 21.08 and a beta of 1.01. First Busey Corporation has a one year low of $21.83 and a one year high of $32.22. The firm’s 50-day moving average is $29.80 and its 200 day moving average is $29.43.
First Busey Corporation (NASDAQ:BUSE) last released its earnings results on Tuesday, July 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.59%. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $63.40 million. Equities research analysts expect that First Busey Corporation will post $1.73 EPS for the current year.
A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of First Busey Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of First Busey Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Finally, Piper Jaffray Companies set a $32.00 price target on shares of First Busey Corporation and gave the company a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. First Busey Corporation has a consensus rating of “Hold” and a consensus price target of $32.50.
In other news, insider Curt A. Anderson sold 1,400 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $29.40, for a total transaction of $41,160.00. Following the transaction, the insider now owns 43,482 shares in the company, valued at approximately $1,278,370.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.60% of the stock is currently owned by company insiders.
About First Busey Corporation
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.
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