Tudor Investment Corp ET AL Buys 112,743 Shares of First Busey Co. (NASDAQ:BUSE)

Tudor Investment Corp ET AL lifted its holdings in First Busey Co. (NASDAQ:BUSE - Free Report) by 194.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 170,695 shares of the bank's stock after purchasing an additional 112,743 shares during the quarter. Tudor Investment Corp ET AL owned about 0.30% of First Busey worth $4,023,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of First Busey by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,500,343 shares of the bank's stock worth $82,503,000 after acquiring an additional 110,895 shares in the last quarter. American Century Companies Inc. increased its holdings in First Busey by 5.5% during the 4th quarter. American Century Companies Inc. now owns 1,122,896 shares of the bank's stock worth $26,467,000 after purchasing an additional 58,982 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of First Busey by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 707,323 shares of the bank's stock valued at $16,672,000 after purchasing an additional 12,879 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Busey by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 671,402 shares of the bank's stock valued at $15,825,000 after purchasing an additional 189,115 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new position in shares of First Busey during the fourth quarter worth about $9,115,000. 56.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Stanley J. Bradshaw acquired 1,700 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $21.70 per share, with a total value of $36,890.00. Following the acquisition, the director now directly owns 482,143 shares in the company, valued at $10,462,503.10. This represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler cut their target price on First Busey from $32.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. DA Davidson reaffirmed a "neutral" rating and issued a $25.00 target price on shares of First Busey in a research report on Tuesday, February 25th. Stephens reissued an "equal weight" rating and set a $26.00 price target on shares of First Busey in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $33.00 price objective (down previously from $34.00) on shares of First Busey in a report on Thursday, January 30th. Finally, StockNews.com lowered First Busey from a "hold" rating to a "sell" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $27.80.

First Busey Stock Performance

Shares of First Busey stock traded up $0.59 during trading on Friday, hitting $21.69. 393,474 shares of the stock were exchanged, compared to its average volume of 345,059. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $21.32 and a 200-day moving average price of $23.63. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.01 and a beta of 0.75. First Busey Co. has a 1-year low of $18.40 and a 1-year high of $28.97.

First Busey (NASDAQ:BUSE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. The company had revenue of $140.72 million during the quarter, compared to analysts' expectations of $140.15 million. First Busey had a return on equity of 8.94% and a net margin of 17.14%. As a group, equities analysts predict that First Busey Co. will post 2.61 EPS for the current fiscal year.

First Busey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. First Busey's dividend payout ratio is currently 93.46%.

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.