First Busey Co. (NASDAQ:BUSE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in First Busey Co. (NASDAQ:BUSE) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,464 shares of the bank’s stock after selling 3,194 shares during the period. Jane Street Group LLC owned 0.09% of First Busey worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BUSE. State Street Corp boosted its stake in First Busey by 0.4% during the 3rd quarter. State Street Corp now owns 1,497,004 shares of the bank’s stock worth $38,952,000 after purchasing an additional 6,367 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of First Busey in the third quarter valued at about $757,000. Point72 DIFC Ltd purchased a new position in shares of First Busey in the third quarter worth about $171,000. Hotchkis & Wiley Capital Management LLC boosted its position in First Busey by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 121,310 shares of the bank’s stock worth $3,156,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in First Busey during the 3rd quarter valued at about $347,000. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com upgraded First Busey from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Stephens lowered First Busey from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $28.00 to $27.00 in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods upped their target price on First Busey from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

First Busey Stock Down 2.2 %

Shares of NASDAQ BUSE opened at $23.72 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 12.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day simple moving average of $25.82 and a 200-day simple moving average of $25.56. First Busey Co. has a 1 year low of $21.68 and a 1 year high of $28.97.

First Busey (NASDAQ:BUSE) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. First Busey had a return on equity of 8.94% and a net margin of 16.94%. The company had revenue of $170.45 million during the quarter, compared to analysts’ expectations of $118.32 million. During the same quarter last year, the firm earned $0.55 earnings per share. On average, equities research analysts predict that First Busey Co. will post 2.07 earnings per share for the current year.

First Busey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 18th were given a $0.24 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.96 dividend on an annualized basis and a yield of 4.05%. First Busey’s payout ratio is currently 49.48%.

About First Busey

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.