1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of First Busey Co. ( NASDAQ:BUSE – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,400 shares of the bank’s stock, valued at approximately $245,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $34,000 after buying an additional 1,326 shares in the last quarter.
R Squared Ltd bought a new stake in First Busey during the 4th quarter worth approximately $35,000. XTX Topco Ltd acquired a new stake in First Busey during the 3rd quarter valued at $337,000. Y Intercept Hong Kong Ltd bought a new position in First Busey in the 3rd quarter valued at $345,000.
Finally, Centiva Capital LP acquired a new position in First Busey in the third quarter worth $347,000. 56.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on BUSE. Piper Sandler lowered their target price on First Busey from $32.00 to $28.
00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. DA Davidson restated a “neutral” rating and issued a $25.00 price objective on shares of First Busey in a research report on Tuesday, February 25th.
Stephens reiterated an “equal weight” rating and set a $26.00 target price on shares of First Busey in a research report on Monday, February 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $33.
00 price target (down previously from $34.00) on shares of First Busey in a report on Thursday, January 30th. Finally, Raymond James dropped their price objective on shares of First Busey from $29.
00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company.
Based on data from MarketBeat, First Busey presently has an average rating of “Moderate Buy” and a consensus target price of $27.80. First Busey Stock Down 0.
1 % Shares of NASDAQ:BUSE opened at $19.20 on Tuesday. The company has a 50 day moving average of $23.
07 and a 200-day moving average of $24.38. First Busey Co.
has a one year low of $18.40 and a one year high of $28.97.
The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.75 and a beta of 0.
75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.
82 and a quick ratio of 0.82. First Busey ( NASDAQ:BUSE – Get Free Report ) last issued its earnings results on Tuesday, January 28th.
The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.
01. First Busey had a net margin of 17.14% and a return on equity of 8.
94%. On average, sell-side analysts forecast that First Busey Co. will post 2.
61 earnings per share for the current year. First Busey Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a $0.
25 dividend. This is a positive change from First Busey’s previous quarterly dividend of $0.24.
The ex-dividend date was Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 5.
21%. First Busey’s dividend payout ratio is presently 50.76%.
Insiders Place Their Bets In other news, Director Stanley J. Bradshaw purchased 1,700 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $21.
70 per share, for a total transaction of $36,890.00. Following the transaction, the director now directly owns 482,143 shares of the company’s stock, valued at approximately $10,462,503.
10. The trade was a 0.35 % increase in their position.
The acquisition was disclosed in a filing with the SEC, which is available at this link . Company insiders own 7.10% of the company’s stock.
First Busey Profile ( 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. Further Reading Five stocks we like better than First Busey Insider Trades May Not Tell You What You Think Options Activity Points to More Volatility for Palantir Stock What to Know About Investing in Penny Stocks NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? What is a Stock Market Index and How Do You Use Them? MicroStrategy Sees Insider Buy-Sell Action in Q1 Receive News & Ratings for First Busey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey and related companies with MarketBeat.
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