First Busey - BUSE Stock Forecast, Price & News

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, and other fiduciary services through banking center, ATM and technology-based networks. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset management, philanthropic advisory, tax preparation, and professional farm management services; and commercial depository services, such as cash management services. Additionally, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reiterated a "neutral" rating on shares of First Busey in a research report on Wednesday, July 27th. B. Riley dropped their price target on First Busey from $27.00 to $23.00 in a research report on Monday, July 11th.

First Busey Stock Up 0.2 %

Shares of NASDAQ:BUSE opened at $24.11 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.33 billion, a P/E ratio of 11.88 and a beta of 0.90. First Busey has a 52-week low of $21.66 and a 52-week high of $29.73. The business's 50 day moving average is $23.50 and its 200 day moving average is $24.76.

First Busey (NASDAQ:BUSE - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The bank reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). First Busey had a net margin of 25.44% and a return on equity of 9.79%. During the same period in the previous year, the business posted $0.57 earnings per share. Sell-side analysts predict that First Busey will post 2.32 EPS for the current year.

First Busey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 22nd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, July 21st. First Busey's dividend payout ratio is currently 45.32%.

Insider Buying and Selling

In other First Busey news, Director Stanley J. Bradshaw bought 3,250 shares of the firm's stock in a transaction dated Wednesday, June 15th. The stock was acquired at an average price of $22.49 per share, for a total transaction of $73,092.50. Following the completion of the purchase, the director now owns 31,850 shares of the company's stock, valued at $716,306.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other First Busey news, Director Stanley J. Bradshaw purchased 3,250 shares of the stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average cost of $22.49 per share, for a total transaction of $73,092.50. Following the completion of the transaction, the director now directly owns 31,850 shares of the company's stock, valued at $716,306.50. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael David Cassens sold 2,300 shares of the firm's stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $23.30, for a total transaction of $53,590.00. Following the sale, the director now owns 180,589 shares in the company, valued at approximately $4,207,723.70. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.