Rosenthal Henry Capital Advisors Inc. Purchases Shares of 50,062 First Busey Corporation (NASDAQ:BUSE)

Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of First Busey Corporation (NASDAQ:BUSE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BUSE. M&T Bank Corp increased its position 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 purchasing an additional 528 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of First Busey by 10.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 7,396 shares of the bank's stock worth $174,000 after purchasing an additional 690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 worth $714,000 after purchasing an additional 985 shares in the last quarter. Swiss National Bank increased its position 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 worth $2,635,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of First Busey by 161.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock worth $40,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors own 56.49% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Steven W. Caple bought 1,175 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $21.60 per share, with a total value of $25,380.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen M. Jensen bought 4,000 shares of the stock in a transaction dated Friday, May 30th. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $88,000.00. Following the acquisition, the director 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 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 Performance

BUSE traded up $0.01 on Thursday, reaching $24.26. The company had a trading volume of 312,143 shares, compared to its average volume of 411,707. First Busey Corporation has a 1 year low of $18.40 and a 1 year high of $28.97. The stock has a market capitalization of $2.17 billion, a PE ratio of 22.67 and a beta of 0.77. 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 stock has a 50-day moving average price of $22.60 and a 200-day moving average price of $22.56.

First Busey (NASDAQ:BUSE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. The firm 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, research analysts forecast that First Busey Corporation will post 2.61 EPS for the current fiscal year.

First Busey Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.12%. 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.