First Busey (BUSE) Scheduled to Post Earnings on Tuesday

First Busey (NASDAQ:BUSE) will release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect First Busey to post earnings of $0.49 per share for the quarter.

First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. First Busey had a return on equity of 10.38% and a net margin of 20.37%. The business had revenue of $108.65 million during the quarter, compared to analyst estimates of $107.74 million. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Busey Trading Up 4.3 %

NASDAQ:BUSE opened at $22.81 on Friday. First Busey has a 12-month low of $16.26 and a 12-month high of $25.80. The firm has a market capitalization of $1.26 billion, a P/E ratio of 10.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $23.06 and a 200 day simple moving average of $22.56.

First Busey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.96 dividend on an annualized basis and a yield of 4.21%. First Busey’s dividend payout ratio is currently 44.24%.

Analyst Ratings Changes

Separately, StockNews.com upgraded First Busey from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Insider Buying and Selling at First Busey

In other First Busey news, Director Karen M. Jensen bought 2,500 shares of the business’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $24.40 per share, with a total value of $61,000.00. Following the purchase, the director now directly owns 45,585 shares of the company’s stock, valued at $1,112,274. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Karen M. Jensen acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $22.98 per share, with a total value of $45,960.00. Following the purchase, the director now owns 47,585 shares of the company’s stock, valued at $1,093,503.30. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen M. Jensen acquired 2,500 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $24.40 per share, for a total transaction of $61,000.00. Following the purchase, the director now directly owns 45,585 shares in the company, valued at approximately $1,112,274. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 4,917 shares of company stock valued at $117,215 and have sold 6,900 shares valued at $157,182. 7.10% of the stock is owned by company insiders.

Institutional Trading of First Busey

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mariner LLC raised its stake in shares of First Busey by 3.2% in the 4th quarter. Mariner LLC now owns 15,350 shares of the bank’s stock worth $379,000 after buying an additional 482 shares in the last quarter. Legal & General Group Plc raised its position in shares of First Busey by 2.5% during the second quarter. Legal & General Group Plc now owns 20,557 shares of the bank’s stock worth $470,000 after purchasing an additional 503 shares during the period. Bank of Montreal Can raised its position in shares of First Busey by 4.4% during the first quarter. Bank of Montreal Can now owns 13,021 shares of the bank’s stock worth $335,000 after purchasing an additional 550 shares during the period. MetLife Investment Management LLC raised its position in shares of First Busey by 2.0% during the fourth quarter. MetLife Investment Management LLC now owns 28,143 shares of the bank’s stock worth $696,000 after purchasing an additional 550 shares during the period. Finally, FMR LLC raised its position in shares of First Busey by 36.8% during the second quarter. FMR LLC now owns 2,120 shares of the bank’s stock worth $49,000 after purchasing an additional 570 shares during the period. 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.