First Busey (BUSE) to Release Earnings on Tuesday

First Busey (NASDAQ:BUSE) will likely be issuing its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $140.15 million for the quarter.

First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. First Busey had a return on equity of 8.94% and a net margin of 17.14%. On average, analysts expect First Busey to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Busey Stock Down 0.1 %

BUSE opened at $19.42 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 9.86 and a beta of 0.75. First Busey has a one year low of $18.40 and a one year high of $28.97. The business’s fifty day moving average is $22.45 and its two-hundred day moving average is $24.08.

First Busey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 5.15%. First Busey’s payout ratio is 50.76%.

Insiders Place Their Bets

In related news, Director Stanley J. Bradshaw acquired 1,838 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $23.75 per share, with a total value of $43,652.50. Following the purchase, the director now directly owns 437,481 shares in the company, valued at $10,390,173.75. The trade was a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

BUSE has been the topic of several recent research reports. Raymond James reduced their price target on shares of First Busey from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Piper Sandler lowered their target price on First Busey from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. DA Davidson reissued a “neutral” rating and issued a $25.00 price target on shares of First Busey in a report on Tuesday, February 25th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $33.00 price objective (down from $34.00) on shares of First Busey in a research report on Thursday, January 30th. Finally, Stephens reiterated an “equal weight” rating and set a $26.00 price objective on shares of First Busey in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

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.