Q2 Earnings Forecast for First Busey Issued By DA Davidson

First Busey Co. (NASDAQ:BUSE - Free Report) - DA Davidson issued their Q2 2025 earnings estimates for First Busey in a report issued on Thursday, April 24th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.65 for the quarter. DA Davidson currently has a "Neutral" rating and a $25.00 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 FY2026 earnings at $2.85 EPS.

First Busey (NASDAQ:BUSE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The business had revenue of $140.72 million for the quarter, compared to analyst estimates of $140.15 million. First Busey had a net margin of 17.14% and a return on equity of 8.94%.

Other analysts have also issued research reports about the stock. Piper Sandler lowered their price objective on shares of First Busey from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Raymond James lowered their price objective on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com lowered shares of First Busey from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Stephens reiterated an "equal weight" rating and issued a $26.00 target price on shares of First Busey in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $33.00 price target (down from $34.00) on shares of First Busey in a research note on Thursday, January 30th. One investment 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. Based on data from MarketBeat, First Busey currently has an average rating of "Hold" and a consensus price target of $27.80.

First Busey Stock Performance

BUSE stock traded down $0.24 during mid-day trading on Friday, hitting $20.75. The company had a trading volume of 98,793 shares, compared to its average volume of 340,510. The firm has a market cap of $1.18 billion, a PE ratio of 10.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. First Busey has a 12 month low of $18.40 and a 12 month high of $28.97. The stock's fifty day moving average price is $21.49 and its two-hundred day moving average price is $23.74.

Institutional Investors Weigh In On First Busey

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in First Busey by 1,173.5% during the fourth 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. R Squared Ltd purchased a new stake in First Busey during the fourth quarter valued at about $35,000. Meeder Asset Management Inc. raised its position in First Busey by 161.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock valued at $40,000 after purchasing an additional 1,047 shares in the last quarter. Sterling Capital Management LLC raised its position in First Busey by 822.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank's stock valued at $40,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Quarry LP raised its position in First Busey by 507.5% during the fourth quarter. Quarry LP now owns 1,786 shares of the bank's stock valued at $42,000 after purchasing an additional 1,492 shares in the last quarter. Hedge funds and other institutional investors own 56.49% of the company's stock.

Insider Buying and Selling

In other First Busey news, Director Stanley J. Bradshaw acquired 1,700 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $21.70 per share, for a total transaction of $36,890.00. Following the completion of the transaction, the director now owns 482,143 shares of the company's stock, 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 this hyperlink. 7.10% of the stock is currently owned by company insiders.

First Busey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. First Busey's dividend payout ratio (DPR) is presently 93.46%.

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.