Rosenthal Henry Capital Advisors Inc. Makes New Investment in First Busey Corporation (NASDAQ:BUSE)

Rosenthal Henry Capital Advisors Inc. bought a new position in shares of First Busey Corporation (NASDAQ:BUSE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,062 shares of the bank's stock, valued at approximately $1,081,000. Rosenthal Henry Capital Advisors Inc. owned about 0.09% of First Busey at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its position in shares of First Busey by 2.6% during the 1st quarter. M&T Bank Corp now owns 21,069 shares of the bank's stock worth $455,000 after buying an additional 528 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of First Busey during the 1st quarter worth $675,000. Bank of New York Mellon Corp lifted its position in shares of First Busey by 29.5% during the 1st quarter. Bank of New York Mellon Corp now owns 468,608 shares of the bank's stock worth $10,122,000 after buying an additional 106,806 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of First Busey during the 1st quarter worth $318,000. Finally, Amalgamated Bank lifted its position in shares of First Busey by 59.3% during the 1st quarter. Amalgamated Bank now owns 2,881 shares of the bank's stock worth $62,000 after buying an additional 1,073 shares during the last quarter. 56.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BUSE shares. Stephens restated an "equal weight" rating and set a $26.00 price objective on shares of First Busey in a research report on Wednesday, April 23rd. Hovde Group initiated coverage on First Busey in a research report on Monday, June 30th. They issued a "market perform" rating and a $25.00 target price for the company. Raymond James Financial increased their target price on First Busey from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday. Wall Street Zen upgraded First Busey from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Piper Sandler initiated 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, First Busey currently has an average rating of "Hold" and an average price target of $27.67.

Insiders Place Their Bets

In other First Busey news, Director Karen M. Jensen bought 4,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $88,000.00. Following the purchase, the director directly owned 76,068 shares of the company's stock, valued at $1,673,496. The trade was a 5.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven W. Caple acquired 1,175 shares of First Busey stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $21.60 per share, for a total transaction of $25,380.00. Following the completion of the transaction, the director directly owned 4,509 shares in the company, valued at approximately $97,394.40. The trade was a 35.24% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,125 shares of company stock worth $286,148. 3.85% of the stock is currently owned by corporate insiders.

First Busey Stock Performance

BUSE stock traded down $0.23 during midday trading on Friday, hitting $24.03. The company's stock had a trading volume of 52,069 shares, compared to its average volume of 411,476. The stock's 50-day moving average price is $22.67 and its 200 day moving average price is $22.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. First Busey Corporation has a 1 year low of $18.40 and a 1 year high of $28.97. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 22.48 and a beta of 0.77.

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

First Busey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. First Busey's payout ratio is 93.46%.

First Busey 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.