First Busey (NASDAQ:BUSE) CFO Buys $25,250.00 in Stock

First Busey Corporation (NASDAQ:BUSE) CFO Scott Phillips purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $25.25 per share, for a total transaction of $25,250.00. Following the purchase, the chief financial officer owned 1,000 shares of the company’s stock, valued at approximately $25,250. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

First Busey Price Performance

Shares of NASDAQ BUSE opened at $24.17 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. First Busey Corporation has a fifty-two week low of $18.40 and a fifty-two week high of $28.30. The business has a 50 day moving average price of $23.29 and a two-hundred day moving average price of $22.52. The firm has a market cap of $2.15 billion, a PE ratio of 21.58 and a beta of 0.81.

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

First Busey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, July 18th. First Busey’s dividend payout ratio (DPR) is currently 89.29%.

Institutional Investors Weigh In On First Busey

Several institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its stake in First Busey by 121.0% in the fourth quarter. Millennium Management LLC now owns 565,001 shares of the bank’s stock valued at $13,317,000 after acquiring an additional 309,301 shares during the period. Amalgamated Bank lifted its holdings in shares of First Busey by 59.3% in the 1st quarter. Amalgamated Bank now owns 2,881 shares of the bank’s stock worth $62,000 after purchasing an additional 1,073 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in First Busey during the 1st quarter valued at approximately $263,000. Cambridge Investment Research Advisors Inc. acquired a new position in First Busey during the 1st quarter valued at approximately $372,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in First Busey during the 1st quarter worth $1,081,000. Institutional investors and hedge funds own 56.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of First Busey from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. DA Davidson lifted their price target on First Busey from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Raymond James Financial upped their price objective on First Busey from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Wall Street Zen raised First Busey from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Piper Sandler started coverage on First Busey in a research report on Tuesday, July 1st. They issued an “overweight” rating and a $30.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.17.

First Busey Company 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.