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.

First Busey Stock Up 0.1 %

First Busey stock traded up $0.02 during midday trading on Tuesday, reaching $24.07. The company's stock had a trading volume of 260 shares, compared to its average volume of 130,679. The company has a market cap of $1.33 billion, a P/E ratio of 11.85 and a beta of 0.90. 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 business has a 50-day simple moving average of $23.49 and a 200-day simple moving average of $24.77. First Busey has a fifty-two week low of $21.66 and a fifty-two week high of $29.73.

First Busey (NASDAQ:BUSE - Get Rating) last posted its 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 return on equity of 9.79% and a net margin of 25.44%. During the same period in the previous year, the firm posted $0.57 EPS. On average, research analysts expect that First Busey will post 2.32 earnings per share for the current fiscal year.

First Busey Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reissued a "neutral" rating on shares of First Busey in a research note on Wednesday, July 27th. B. Riley cut their target price on shares of First Busey from $27.00 to $23.00 in a research note on Monday, July 11th.

Insider Activity at First Busey

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