Q3 Earnings Estimate for First Busey Issued By DA Davidson

First Busey Corporation (NASDAQ:BUSE - Free Report) - Equities researchers at DA Davidson issued their Q3 2025 EPS estimates for First Busey in a note issued to investors on Thursday, July 24th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.64 for the quarter. DA Davidson has a "Neutral" rating and a $26.00 price target on the stock. The consensus estimate for First Busey's current full-year earnings is $2.61 per share. DA Davidson also issued estimates for First Busey's FY2025 earnings at $2.50 EPS.

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

A number of other research firms have also commented on BUSE. Keefe, Bruyette & Woods dropped their price target on shares of First Busey from $30.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday. Wall Street Zen raised shares of First Busey from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Stephens reissued an "equal weight" rating and issued a $26.00 price target on shares of First Busey in a research report on Wednesday, April 23rd. Raymond James Financial lifted 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. Finally, Hovde Group assumed coverage on shares of First Busey in a research report on Monday, June 30th. They issued a "market perform" rating and a $25.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, First Busey presently has an average rating of "Hold" and an average target price of $27.17.

First Busey Stock Performance

Shares of NASDAQ:BUSE traded down $0.11 during trading on Friday, reaching $23.22. The stock had a trading volume of 648,725 shares, compared to its average volume of 615,084. First Busey has a 52 week low of $18.40 and a 52 week high of $28.88. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 20.73 and a beta of 0.77. 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 stock has a fifty day simple moving average of $23.08 and a two-hundred day simple moving average of $22.58.

First Busey Dividend Announcement

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

Insiders Place Their Bets

In other First Busey news, Director Karen M. Jensen purchased 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 completion of the purchase, the director directly owned 76,068 shares of the company's stock, valued at approximately $1,673,496. This represents a 5.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven W. Caple purchased 1,175 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $21.60 per share, for a total transaction of $25,380.00. Following the purchase, the director directly owned 4,509 shares of the company's stock, valued at approximately $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 acquired 13,125 shares of company stock worth $286,148 in the last quarter. Corporate insiders own 3.85% of the company's stock.

Institutional Investors Weigh In On First Busey

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in shares of First Busey by 1,173.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,439 shares of the bank's stock valued at $34,000 after purchasing an additional 1,326 shares in the last quarter. Swiss National Bank boosted its stake in shares of First Busey by 0.9% in the 4th quarter. Swiss National Bank now owns 111,799 shares of the bank's stock valued at $2,635,000 after purchasing an additional 1,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of First Busey by 193.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 85,027 shares of the bank's stock valued at $2,004,000 after purchasing an additional 56,073 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of First Busey by 3.2% in the 4th quarter. Teacher Retirement System of Texas now owns 45,324 shares of the bank's stock valued at $1,068,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of First Busey by 114.3% in the 4th quarter. Quantbot Technologies LP now owns 27,185 shares of the bank's stock valued at $641,000 after purchasing an additional 14,498 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company's stock.

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.