Signaturefd LLC Has $78,000 Stock Holdings in First Busey Corporation $BUSE

Signaturefd LLC lifted its stake in shares of First Busey Corporation (NASDAQ:BUSE) by 34.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,389 shares of the bank’s stock after buying an additional 865 shares during the quarter. Signaturefd LLC’s holdings in First Busey were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BUSE. Dimensional Fund Advisors LP raised its holdings in shares of First Busey by 45.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,096,605 shares of the bank’s stock valued at $110,086,000 after purchasing an additional 1,596,262 shares during the period. Vanguard Group Inc. raised its stake in First Busey by 52.2% during the 1st quarter. Vanguard Group Inc. now owns 4,706,925 shares of the bank’s stock worth $101,670,000 after buying an additional 1,613,848 shares during the period. American Century Companies Inc. boosted its holdings in First Busey by 54.2% in the first quarter. American Century Companies Inc. now owns 1,731,366 shares of the bank’s stock worth $37,398,000 after acquiring an additional 608,470 shares in the last quarter. LSV Asset Management grew its stake in First Busey by 7.7% in the first quarter. LSV Asset Management now owns 1,309,057 shares of the bank’s stock valued at $28,276,000 after acquiring an additional 93,600 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of First Busey by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 937,591 shares of the bank’s stock valued at $20,252,000 after acquiring an additional 230,268 shares in the last quarter. Institutional investors own 56.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BUSE shares. Raymond James Financial reiterated an “outperform” rating and issued a $28.00 target price (up from $27.00) on shares of First Busey in a report on Friday, August 29th. Keefe, Bruyette & Woods dropped their price objective on shares of First Busey from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Piper Sandler initiated coverage on shares of First Busey in a report on Tuesday, July 1st. They set an “overweight” rating and a $30.00 price objective for the company. DA Davidson upped their target price on shares of First Busey from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Busey in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.33.

First Busey Price Performance

NASDAQ:BUSE opened at $23.17 on Monday. First Busey Corporation has a 52-week low of $18.40 and a 52-week high of $28.30. The stock has a fifty day moving average of $23.73 and a 200 day moving average of $22.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.69 and a beta of 0.77.

First Busey (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $192.05 million for the quarter, compared to analysts’ expectations of $193.91 million. First Busey had a return on equity of 8.76% and a net margin of 9.48%. On average, research analysts expect that First Busey Corporation will post 2.61 EPS for the current fiscal year.

First Busey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 4.3%. First Busey’s payout ratio is presently 89.29%.

Insider Buying and Selling

In other news, Director Karen M. Jensen bought 3,000 shares of First Busey stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of $24.60 per share, with a total value of $73,800.00. Following the completion of the purchase, the director directly owned 86,798 shares in the company, valued at $2,135,230.80. The trade was a 3.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Scott A. Phillips purchased 1,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $25.25 per share, for a total transaction of $25,250.00. Following the transaction, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $25,250. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 6,500 shares of company stock valued at $157,175. Corporate insiders own 3.85% of the company’s stock.

First Busey 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.