Rosenthal Henry Capital Advisors Inc. Invests $1.08 Million 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 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. M&T Bank Corp raised its stake in shares of First Busey by 2.6% during the first 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. CANADA LIFE ASSURANCE Co raised its position in First Busey by 10.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,396 shares of the bank's stock worth $174,000 after purchasing an additional 690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in First Busey by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,293 shares of the bank's stock valued at $714,000 after buying an additional 985 shares during the period. Swiss National Bank grew its stake in shares of First Busey by 0.9% during the fourth quarter. Swiss National Bank now owns 111,799 shares of the bank's stock valued at $2,635,000 after buying an additional 1,000 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of First Busey by 161.1% in the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock worth $40,000 after buying an additional 1,047 shares during the period. Hedge funds and other institutional investors own 56.49% of the company's stock.

Insider Buying and Selling

In other news, Director Steven W. Caple bought 1,175 shares of the stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $21.60 per share, for a total transaction of $25,380.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen M. Jensen acquired 5,500 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $21.70 per share, with a total value of $119,350.00. Following the transaction, the director directly owned 72,068 shares in the company, valued at approximately $1,563,875.60. This represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,125 shares of company stock worth $286,148. Insiders own 3.85% of the company's stock.

First Busey Stock Down 0.2%

NASDAQ BUSE traded down $0.05 during trading on Wednesday, reaching $24.25. 375,851 shares of the company's stock traded hands, compared to its average volume of 412,105. The company's 50 day simple moving average is $22.60 and its two-hundred day simple moving average is $22.56. First Busey Corporation has a 12-month low of $18.40 and a 12-month high of $28.97. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 22.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.90.

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

First Busey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. First Busey's dividend payout ratio is currently 93.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BUSE shares. Hovde Group initiated coverage on First Busey in a research note on Monday, June 30th. They set a "market perform" rating and a $25.00 price objective for the company. Raymond James Financial raised their price target on shares of First Busey from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday. Wall Street Zen raised shares of First Busey from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Stephens reissued an "equal weight" rating and issued a $26.00 target price on shares of First Busey in a research note on Wednesday, April 23rd. Finally, Piper Sandler started coverage on First Busey in a research report on Tuesday, July 1st. They set an "overweight" rating and a $30.00 price target for the company. Four 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, the company has an average rating of "Hold" and a consensus target price of $27.67.

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.