Schwab Charles Investment Management Inc. lifted its position in shares of First Busey Co. (NASDAQ:BUSE) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,005 shares of the bank’s stock after acquiring an additional 4,875 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.40% of First Busey worth $5,869,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of First Busey by 11.1% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 518,580 shares of the bank’s stock valued at $15,526,000 after acquiring an additional 51,810 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of First Busey during the 3rd quarter valued at $445,000. California Public Employees Retirement System boosted its holdings in shares of First Busey by 15.5% during the 3rd quarter. California Public Employees Retirement System now owns 90,884 shares of the bank’s stock valued at $2,850,000 after acquiring an additional 12,189 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of First Busey by 1,790.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,597 shares of the bank’s stock valued at $552,000 after acquiring an additional 16,666 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of First Busey during the 3rd quarter valued at $204,000. 47.20% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded First Busey from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. BidaskClub downgraded First Busey from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Piper Jaffray Companies reissued a “hold” rating and set a $33.00 price objective on shares of First Busey in a report on Tuesday, January 9th. Finally, B. Riley raised First Busey from a “neutral” rating to a “buy” rating and cut their price objective for the company from $36.00 to $35.00 in a report on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.60.
First Busey (NASDAQ:BUSE) last announced 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 company had revenue of $86.61 million for the quarter, compared to analyst estimates of $82.39 million. First Busey had a return on equity of 9.84% and a net margin of 20.31%. equities analysts anticipate that First Busey Co. will post 2.25 earnings per share for the current fiscal year.
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First Busey 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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