Equities analysts expect First Busey Co. (NASDAQ:BUSE) to announce $84.98 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for First Busey’s earnings, with the lowest sales estimate coming in at $83.80 million and the highest estimate coming in at $86.00 million. First Busey posted sales of $62.03 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 37%. The business is expected to issue its next earnings report on Tuesday, April 24th.
On average, analysts expect that First Busey will report full year sales of $84.98 million for the current financial year, with estimates ranging from $344.95 million to $351.30 million. For the next fiscal year, analysts forecast that the company will post sales of $361.84 million per share, with estimates ranging from $358.47 million to $363.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for First Busey.
First Busey (NASDAQ:BUSE) last released its earnings results on Tuesday, January 30th. The bank reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). The firm had revenue of $86.61 million during the quarter, compared to the consensus estimate of $82.39 million. First Busey had a net margin of 20.31% and a return on equity of 10.75%.
Shares of First Busey (NASDAQ BUSE) opened at $29.60 on Tuesday. The company has a market capitalization of $1,444.48, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90. First Busey has a 12 month low of $27.33 and a 12 month high of $32.88.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 26th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from First Busey’s previous quarterly dividend of $0.18. First Busey’s dividend payout ratio is currently 54.05%.
Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of First Busey by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,480 shares of the bank’s stock worth $718,000 after acquiring an additional 787 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of First Busey by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 155,566 shares of the bank’s stock worth $4,562,000 after acquiring an additional 1,661 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of First Busey by 24.0% during the 3rd quarter. Legal & General Group Plc now owns 9,913 shares of the bank’s stock worth $311,000 after acquiring an additional 1,918 shares during the last quarter. American International Group Inc. increased its holdings in shares of First Busey by 7.9% during the 4th quarter. American International Group Inc. now owns 27,442 shares of the bank’s stock worth $822,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of First Busey by 45.5% during the 2nd quarter. Citigroup Inc. now owns 6,422 shares of the bank’s stock worth $188,000 after acquiring an additional 2,009 shares during the last quarter. Institutional investors own 45.94% 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.
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