FY2026 EPS Estimates for First Busey Decreased by Analyst

First Busey Corporation (NASDAQ:BUSE - Free Report) - Investment analysts at DA Davidson lowered their FY2026 earnings estimates for shares of First Busey in a research report issued on Friday, June 27th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.69 for the year, down from their previous estimate of $2.85. The consensus estimate for First Busey's current full-year earnings is $2.61 per share.

A number of other analysts have also recently issued reports on BUSE. Wall Street Zen upgraded shares of First Busey from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James Financial lowered their price target on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Finally, Stephens restated an "equal weight" rating and set a $26.00 price objective on shares of First Busey in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, First Busey currently has a consensus rating of "Moderate Buy" and an average price target of $27.80.

First Busey Trading Down 0.9%

Shares of First Busey stock opened at $23.22 on Monday. The business has a fifty day simple moving average of $22.08 and a two-hundred day simple moving average of $22.58. First Busey has a 1 year low of $18.40 and a 1 year high of $28.97. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 21.70 and a beta of 0.78. 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 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 8.46% and a net margin of 8.32%.

First Busey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, April 17th. First Busey's dividend payout ratio is 93.46%.

Insider Buying and Selling

In other First Busey news, Director Karen M. Jensen bought 4,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were purchased at an average price of $22.00 per share, for a total transaction of $88,000.00. Following the transaction, the director now directly owns 76,068 shares in the company, valued at approximately $1,673,496. This trade represents a 5.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Caple purchased 1,175 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $21.60 per share, with a total value of $25,380.00. Following the completion of the purchase, the director now owns 4,509 shares of the company's stock, valued at $97,394.40. This trade represents a 35.24% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 13,125 shares of company stock valued at $286,148. 3.85% of the stock is owned by company insiders.

Institutional Trading of First Busey

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in First Busey by 52.2% in the first quarter. Vanguard Group Inc. now owns 4,706,925 shares of the bank's stock valued at $101,670,000 after purchasing an additional 1,613,848 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in First Busey by 45.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,096,605 shares of the bank's stock valued at $110,086,000 after buying an additional 1,596,262 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of First Busey in the 1st quarter valued at approximately $19,861,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of First Busey by 648.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 918,907 shares of the bank's stock valued at $19,848,000 after buying an additional 796,197 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of First Busey during the 1st quarter worth approximately $16,837,000. 56.49% of the stock is currently owned by institutional investors.

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.

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