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FY2026 EPS Estimates for First Busey Lifted by Analyst

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Key Points

  • DA Davidson has increased its FY2026 earnings per share (EPS) estimate for First Busey Corporation to $2.70, a slight increase from the previous estimate of $2.69.
  • First Busey recently reported quarterly earnings of $0.63 per share, exceeding the consensus estimate of $0.61, with a net margin of 9.48%.
  • The company declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 4.31%.
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First Busey Corporation (NASDAQ:BUSE - Free Report) - Research analysts at DA Davidson raised their FY2026 earnings per share (EPS) estimates for First Busey in a report issued on Thursday, July 24th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $2.70 per share for the year, up from their prior estimate of $2.69. DA Davidson has a "Neutral" rating and a $26.00 price objective on the stock. The consensus estimate for First Busey's current full-year earnings is $2.61 per share.

First Busey (NASDAQ:BUSE - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $192.05 million during the quarter, compared to the consensus estimate of $193.91 million. First Busey had a return on equity of 9.76% and a net margin of 9.48%.

Other research analysts also recently issued reports about the company. Piper Sandler initiated coverage on First Busey in a research note on Tuesday, July 1st. They set an "overweight" rating and a $30.00 target price for the company. Raymond James Financial upped their target price on First Busey from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods reduced their target price on First Busey from $30.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday. Hovde Group initiated coverage on First Busey in a research note on Monday, June 30th. They set a "market perform" rating and a $25.00 target price for the company. Finally, Stephens reiterated an "equal weight" rating and set a $26.00 price target on shares of First Busey in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.17.

Read Our Latest Analysis on BUSE

First Busey Trading Down 0.5%

Shares of BUSE stock opened at $23.22 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 20.73 and a beta of 0.77. The stock has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $22.58. First Busey has a 1-year low of $18.40 and a 1-year high of $28.88.

First Busey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Friday, July 18th. First Busey's payout ratio is 89.29%.

Insider Activity at First Busey

In related news, Director Karen M. Jensen bought 4,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $88,000.00. Following the acquisition, the director directly owned 76,068 shares in the company, valued at $1,673,496. This represents a 5.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven W. Caple bought 1,175 shares of the company's stock in a transaction 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 acquisition, the director owned 4,509 shares in the company, valued at $97,394.40. This represents a 35.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 13,125 shares of company stock valued at $286,148 over the last quarter. 3.85% of the stock is owned by company insiders.

Institutional Trading of First Busey

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its holdings in First Busey by 161.1% in the 4th quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock valued at $40,000 after buying an additional 1,047 shares in the last quarter. Sterling Capital Management LLC grew its holdings in First Busey by 822.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank's stock valued at $40,000 after buying an additional 1,522 shares in the last quarter. Quarry LP grew its holdings in First Busey by 507.5% in the 4th quarter. Quarry LP now owns 1,786 shares of the bank's stock valued at $42,000 after buying an additional 1,492 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in First Busey in the 1st quarter valued at $43,000. Finally, PNC Financial Services Group Inc. grew its holdings in First Busey by 56.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,251 shares of the bank's stock valued at $49,000 after buying an additional 812 shares in the last quarter. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

About First Busey

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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