Analysts expect that First Busey Co. (NASDAQ:BUSE) will post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks. Four analysts have provided estimates for First Busey’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.46. First Busey reported earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 26.8%. The business is expected to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that First Busey will report full-year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.35. For the next financial year, analysts expect that the company will post earnings of $2.36 per share, with EPS estimates ranging from $2.20 to $2.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for First Busey.
First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The company had revenue of $86.61 million for the quarter, compared to analysts’ expectations of $82.39 million. First Busey had a return on equity of 10.75% and a net margin of 20.31%.
First Busey (NASDAQ BUSE) opened at $29.67 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1,440.00, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. First Busey has a 52-week low of $27.33 and a 52-week high of $32.88.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. This is a boost from First Busey’s previous quarterly dividend of $0.18. First Busey’s payout ratio is presently 54.05%.
A number of institutional investors and hedge funds have recently made changes to their positions in BUSE. American International Group Inc. raised its position in shares of First Busey by 7.9% in the fourth quarter. American International Group Inc. now owns 27,442 shares of the bank’s stock valued at $822,000 after buying an additional 2,005 shares during the last quarter. BlackRock Inc. raised its position in shares of First Busey by 8.5% in the fourth quarter. BlackRock Inc. now owns 2,529,982 shares of the bank’s stock valued at $75,747,000 after buying an additional 198,311 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of First Busey by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 430,761 shares of the bank’s stock valued at $12,897,000 after buying an additional 4,121 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of First Busey by 8.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 29,994 shares of the bank’s stock valued at $899,000 after buying an additional 2,233 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of First Busey by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 66,085 shares of the bank’s stock valued at $1,979,000 after buying an additional 15,122 shares during the last quarter. Institutional investors own 46.12% of the company’s stock.
First Busey 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.
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