DA Davidson Has Negative View of First Busey FY2025 Earnings

First Busey Corporation (NASDAQ:BUSE) – Equities research analysts at DA Davidson cut their FY2025 earnings estimates for First Busey in a note issued to investors on Thursday, October 30th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.45 for the year, down from their previous forecast of $2.49. DA Davidson has a “Neutral” rating and a $26.00 price objective on the stock. The consensus estimate for First Busey’s current full-year earnings is $2.61 per share. DA Davidson also issued estimates for First Busey’s Q4 2025 earnings at $0.61 EPS and FY2026 earnings at $2.50 EPS.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of First Busey in a report on Wednesday, October 8th. Piper Sandler dropped their price objective on shares of First Busey from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday. Keefe, Bruyette & Woods reduced their target price 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. Finally, Raymond James Financial restated an “outperform” rating and issued a $26.00 target price (down previously from $28.00) on shares of First Busey in a report on Thursday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.33.

First Busey Trading Down 0.7%

Shares of NASDAQ BUSE opened at $22.36 on Friday. First Busey has a 1-year low of $18.40 and a 1-year high of $28.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average is $23.79 and its two-hundred day moving average is $22.99. The stock has a market capitalization of $1.99 billion, a P/E ratio of 19.44 and a beta of 0.77.

First Busey (NASDAQ:BUSE) last posted its earnings results on Friday, May 20th. The bank reported $0.69 earnings per share for the quarter. First Busey had a net margin of 11.00% and a return on equity of 9.56%. The firm had revenue of $63.34 million for the quarter.

First Busey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, October 24th. First Busey’s dividend payout ratio (DPR) is 86.96%.

Insiders Place Their Bets

In related news, Director Karen M. Jensen purchased 3,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were purchased at an average cost of $24.60 per share, for a total transaction of $73,800.00. Following the completion of the acquisition, the director owned 86,798 shares in the company, valued at approximately $2,135,230.80. This trade represents a 3.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott A. Phillips acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $25.25 per share, with a total value of $25,250.00. Following the acquisition, the chief financial officer directly owned 1,000 shares in the company, valued at $25,250. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in First Busey by 4.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,762 shares of the bank’s stock worth $3,560,000 after purchasing an additional 6,049 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of First Busey by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 65,779 shares of the bank’s stock worth $1,525,000 after buying an additional 4,291 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of First Busey during the third quarter valued at $86,000. SG Americas Securities LLC raised its holdings in shares of First Busey by 72.9% in the third quarter. SG Americas Securities LLC now owns 29,240 shares of the bank’s stock valued at $677,000 after acquiring an additional 12,330 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of First Busey by 14.5% in the third quarter. KLP Kapitalforvaltning AS now owns 19,006 shares of the bank’s stock valued at $440,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors own 56.49% of the company’s stock.

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.