Sei Investments Co. Acquires 36,140 Shares of First Busey Corporation $BUSE

Sei Investments Co. boosted its holdings in First Busey Corporation (NASDAQ:BUSEFree Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,323 shares of the bank’s stock after buying an additional 36,140 shares during the period. Sei Investments Co.’s holdings in First Busey were worth $7,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust bought a new position in First Busey in the fourth quarter valued at approximately $28,000. Litman Gregory Wealth Management LLC bought a new stake in shares of First Busey during the 4th quarter valued at $30,000. Allworth Financial LP lifted its stake in shares of First Busey by 127.8% in the 4th quarter. Allworth Financial LP now owns 1,583 shares of the bank’s stock valued at $38,000 after purchasing an additional 888 shares during the period. Torren Management LLC acquired a new position in shares of First Busey in the 4th quarter valued at $40,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of First Busey by 726.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,280 shares of the bank’s stock worth $49,000 after purchasing an additional 2,004 shares during the last quarter. 56.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on First Busey from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. Stephens increased their target price on First Busey from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Piper Sandler raised their target price on First Busey from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen upgraded First Busey from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded First Busey from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, First Busey presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Check Out Our Latest Report on First Busey

First Busey Price Performance

Shares of NASDAQ BUSE opened at $30.86 on Monday. The company has a fifty day moving average price of $28.90 and a 200 day moving average price of $26.86. The firm has a market cap of $2.61 billion, a PE ratio of 12.75 and a beta of 0.72. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. First Busey Corporation has a 1-year low of $21.63 and a 1-year high of $31.43.

First Busey (NASDAQ:BUSEGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The firm had revenue of $194.27 million for the quarter, compared to the consensus estimate of $197.59 million. First Busey had a return on equity of 10.42% and a net margin of 21.00%. Research analysts predict that First Busey Corporation will post 2.67 earnings per share for the current fiscal year.

First Busey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 24th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.4%. First Busey’s dividend payout ratio (DPR) is presently 42.98%.

First Busey Company Profile

(Free Report)

First Busey (NASDAQ: BUSE) is a bank holding company headquartered in Champaign, Illinois, with roots tracing back to the founding of Busey Bank in 1868. As a regional financial institution, it offers a broad spectrum of banking services to individuals, small businesses, and corporations. Its core activities include commercial lending, deposit-taking, and cash management, which are tailored to meet the needs of local communities across its operating footprint.

In addition to traditional banking operations, First Busey provides wealth management and trust services through its subsidiary aimed at high-net-worth clients and fiduciary accounts.

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Institutional Ownership by Quarter for First Busey (NASDAQ:BUSE)

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