First Busey (BUSE) Set to Announce Quarterly Earnings on Tuesday

First Busey (NASDAQ:BUSE) will be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect First Busey to post earnings of $0.49 per share for the quarter.

First Busey (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. First Busey had a return on equity of 10.38% and a net margin of 20.37%. The business had revenue of $108.65 million during the quarter, compared to analyst estimates of $107.74 million. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Busey Trading Down 0.2 %

NASDAQ:BUSE opened at $22.16 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.25. First Busey has a 1-year low of $16.26 and a 1-year high of $25.80. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.21 and a beta of 0.85. The stock has a fifty day simple moving average of $23.12 and a 200 day simple moving average of $22.49.

First Busey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 19th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Thursday, April 18th. First Busey’s dividend payout ratio is currently 44.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised First Busey from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, First Busey has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Insider Buying and Selling

In other news, Director Karen M. Jensen purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $22.98 per share, with a total value of $45,960.00. Following the purchase, the director now directly owns 47,585 shares of the company’s stock, valued at $1,093,503.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Karen M. Jensen purchased 2,500 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $24.40 per share, with a total value of $61,000.00. Following the purchase, the director now directly owns 45,585 shares of the company’s stock, valued at $1,112,274. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen M. Jensen purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $22.98 per share, with a total value of $45,960.00. Following the completion of the purchase, the director now directly owns 47,585 shares in the company, valued at $1,093,503.30. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,917 shares of company stock valued at $117,215. Corporate insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On First Busey

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC acquired a new position in shares of First Busey during the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC grew its holdings in First Busey by 237.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,409 shares of the bank’s stock valued at $29,000 after buying an additional 992 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in First Busey in the 1st quarter valued at approximately $36,000. Lazard Asset Management LLC acquired a new stake in First Busey in the 2nd quarter valued at approximately $34,000. Finally, FMR LLC grew its holdings in First Busey by 36.8% in the 2nd quarter. FMR LLC now owns 2,120 shares of the bank’s stock valued at $49,000 after buying an additional 570 shares during the last quarter. 56.49% of the stock is owned by hedge funds and other institutional investors.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.