Busey Financial Corporation (NASDAQ:BUSEP) Sees Large Growth in Short Interest

Busey Financial Corporation (NASDAQ:BUSEP) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 20,597 shares, an increase of 124.3% from the February 12th total of 9,181 shares. Based on an average trading volume of 15,275 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 15,275 shares, the short-interest ratio is currently 1.3 days.

Busey Financial Trading Down 0.1%

Shares of Busey Financial stock opened at $25.67 on Friday. The business’s fifty day simple moving average is $26.06 and its 200 day simple moving average is $25.74. Busey Financial has a 12 month low of $24.70 and a 12 month high of $26.65.

Busey Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.06 annualized dividend and a dividend yield of 8.0%.

Busey Financial Corporation (NASDAQ: BUSEP) is a diversified financial services holding company headquartered in Champaign, Illinois. It operates primarily through its banking subsidiary, Busey Bank, offering a range of financial solutions to consumer, business and institutional clients. The company focuses on community-driven banking with local decision-making and personalized service models.

The company’s main business activities include commercial lending, consumer deposit accounts, treasury and cash management services, and mortgage origination.