First Busey Co. (BUSE) Declares Dividend Increase – $0.20 Per Share

First Busey Co. (NASDAQ:BUSE) announced a quarterly dividend on Tuesday, January 16th, NASDAQ reports. Investors of record on Friday, January 26th will be given a dividend of 0.20 per share by the bank on Friday, February 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from First Busey’s previous quarterly dividend of $0.18.

Shares of First Busey (BUSE) opened at $32.56 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93. The stock has a market capitalization of $1,556.31, a P/E ratio of 21.28, a P/E/G ratio of 2.41 and a beta of 0.98. First Busey has a 52-week low of $27.33 and a 52-week high of $32.88.

First Busey (NASDAQ:BUSE) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). First Busey had a return on equity of 10.42% and a net margin of 22.02%. research analysts predict that First Busey will post 1.69 earnings per share for the current year.

A number of research analysts recently commented on BUSE shares. Zacks Investment Research upgraded First Busey from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, October 2nd. FBR & Co restated a “neutral” rating and set a $34.00 price objective (up from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. BidaskClub downgraded First Busey from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Piper Jaffray Companies restated a “hold” rating and set a $33.00 price objective on shares of First Busey in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.25.

In other news, Director George Barr sold 14,492 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.30, for a total value of $453,599.60. Following the completion of the transaction, the director now owns 64,088 shares of the company’s stock, valued at $2,005,954.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.60% of the company’s stock.

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About First Busey

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.

Dividend History for First Busey (NASDAQ:BUSE)

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