Rosenthal Henry Capital Advisors Inc. Takes $1.08 Million Position in First Busey Corporation (NASDAQ:BUSE)

Rosenthal Henry Capital Advisors Inc. acquired a new stake in shares of First Busey Corporation (NASDAQ:BUSE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,062 shares of the bank's stock, valued at approximately $1,081,000. Rosenthal Henry Capital Advisors Inc. owned approximately 0.09% of First Busey at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BUSE. M&T Bank Corp boosted its holdings in shares of First Busey by 2.6% in the 1st quarter. M&T Bank Corp now owns 21,069 shares of the bank's stock worth $455,000 after acquiring an additional 528 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of First Busey in the 1st quarter worth approximately $675,000. Bank of New York Mellon Corp boosted its holdings in shares of First Busey by 29.5% in the 1st quarter. Bank of New York Mellon Corp now owns 468,608 shares of the bank's stock worth $10,122,000 after acquiring an additional 106,806 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of First Busey in the 1st quarter worth approximately $318,000. Finally, Amalgamated Bank boosted 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 acquiring an additional 1,073 shares in the last quarter. 56.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at First Busey

In other news, Director Karen M. Jensen purchased 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was bought at an average price of $22.00 per share, with a total value of $88,000.00. Following the acquisition, the director directly owned 76,068 shares of the company's stock, valued at approximately $1,673,496. This represents a 5.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven W. Caple purchased 1,175 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $21.60 per share, with a total value of $25,380.00. Following the acquisition, the director directly owned 4,509 shares in the company, valued at $97,394.40. This trade represents a 35.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,125 shares of company stock valued at $286,148 in the last quarter. Corporate insiders own 3.85% of the company's stock.

Wall Street Analyst Weigh In

BUSE has been the topic of several recent analyst reports. Piper Sandler initiated coverage on First Busey in a report on Tuesday, July 1st. They issued an "overweight" rating and a $30.00 target price on the stock. Hovde Group initiated coverage on First Busey in a report on Monday, June 30th. They issued a "market perform" rating and a $25.00 target price on the stock. Stephens restated an "equal weight" rating and issued a $26.00 price objective on shares of First Busey in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of First Busey from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial boosted their price objective on shares of First Busey from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.67.

First Busey Trading Down 1.2%

BUSE stock traded down $0.30 during trading on Friday, hitting $23.96. The company had a trading volume of 321,810 shares, compared to its average volume of 413,013. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $22.71 and a 200-day moving average price of $22.55. First Busey Corporation has a 12 month low of $18.40 and a 12 month high of $28.97. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 22.39 and a beta of 0.77.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $140.72 million during the quarter, compared to analysts' expectations of $140.15 million. First Busey had a net margin of 8.32% and a return on equity of 8.46%. As a group, analysts predict that First Busey Corporation will post 2.61 earnings per share for the current year.

First Busey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, July 18th. First Busey's payout ratio is 93.46%.

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.