First Busey (BUSE) Projected to Post Earnings on Tuesday

First Busey (NASDAQ:BUSE - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.62 per share and revenue of $193.91 million for the quarter.

First Busey (NASDAQ:BUSE - Get Free Report) last posted 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 net margin of 8.32% and a return on equity of 8.46%. On average, analysts expect First Busey to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Busey Stock Performance

BUSE traded up $0.15 during midday trading on Friday, hitting $24.31. 268,211 shares of the company traded hands, compared to its average volume of 523,742. 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 market capitalization of $2.18 billion, a PE ratio of 22.71 and a beta of 0.77. The company's 50-day moving average is $22.90 and its 200 day moving average is $22.56. First Busey has a 52 week low of $18.40 and a 52 week high of $28.97.

First Busey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, July 18th. First Busey's dividend payout ratio is currently 93.46%.

Analysts Set New Price Targets

Several research firms have recently commented on BUSE. 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 research report on Tuesday, July 8th. Stephens reaffirmed an "equal weight" rating and set a $26.00 price target on shares of First Busey in a research report on Wednesday, April 23rd. Piper Sandler began coverage on shares of First Busey in a research report on Tuesday, July 1st. They set an "overweight" rating and a $30.00 price target for the company. Wall Street Zen raised shares of First Busey from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Hovde Group began coverage on shares of First Busey in a research report on Monday, June 30th. They set a "market perform" rating and a $25.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.67.

Insider Activity at First Busey

In related news, Director Steven W. Caple acquired 1,175 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired 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 represents a 35.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen M. Jensen bought 4,000 shares of the stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $22.00 per share, with a total value of $88,000.00. Following the completion of the transaction, the director directly owned 76,068 shares in the company, valued at approximately $1,673,496. The trade was a 5.55% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 13,125 shares of company stock valued at $286,148 over the last three months. 3.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BUSE. Jane Street Group LLC boosted its position in shares of First Busey by 1,659.8% during the 1st quarter. Jane Street Group LLC now owns 172,810 shares of the bank's stock valued at $3,733,000 after acquiring an additional 162,990 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of First Busey by 78.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,048 shares of the bank's stock valued at $4,796,000 after acquiring an additional 97,560 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of First Busey by 9.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 469,310 shares of the bank's stock valued at $10,137,000 after acquiring an additional 38,773 shares during the last quarter. AQR Capital Management LLC lifted its position in First Busey by 16.8% in the first quarter. AQR Capital Management LLC now owns 198,945 shares of the bank's stock worth $4,297,000 after buying an additional 28,605 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Busey by 64.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,724 shares of the bank's stock worth $1,074,000 after buying an additional 19,431 shares during the last quarter. 56.49% of the stock is currently owned by institutional investors.

First Busey Company 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.