First Busey (BUSE) Expected to Announce Earnings on Tuesday

First Busey (NASDAQ:BUSE - Get Free Report) is expected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect First Busey to post earnings of $0.54 per share and revenue of $140.15 million for the quarter.

First Busey (NASDAQ:BUSE - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. First Busey had a return on equity of 8.94% and a net margin of 17.14%. 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 Down 0.2 %

BUSE traded down $0.04 during trading hours on Friday, hitting $19.96. 535,484 shares of the company's stock were exchanged, compared to its average volume of 330,153. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. First Busey has a 1-year low of $18.40 and a 1-year high of $28.97. The stock's 50-day moving average is $22.05 and its two-hundred day moving average is $23.94. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 10.13 and a beta of 0.75.

First Busey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Thursday, April 17th. First Busey's payout ratio is 50.76%.

Wall Street Analyst Weigh In

BUSE has been the subject of a number of analyst reports. Raymond James decreased their price target on First Busey from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. DA Davidson reissued a "neutral" rating and issued a $25.00 price objective on shares of First Busey in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $33.00 target price (down from $34.00) on shares of First Busey in a research note on Thursday, January 30th. Piper Sandler lowered their price target on First Busey from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, Stephens reiterated an "equal weight" rating and set a $26.00 target price on shares of First Busey in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.80.

Insider Activity at First Busey

In related news, Director Stanley J. Bradshaw purchased 1,700 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $36,890.00. Following the completion of the purchase, the director now owns 482,143 shares in the company, valued at approximately $10,462,503.10. This represents a 0.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.10% of the stock is currently owned by corporate insiders.

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.