1 day Ago By Defense World Staff
Commonwealth Equity Services LLC trimmed its stake in shares of First Busey Co. ( NASDAQ:BUSE – Free Report ) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 38,066 shares of the bank’s stock after selling 1,822 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of First Busey worth $922,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of First Busey by 257.4% during the 2nd quarter.
Signaturefd LLC now owns 1,998 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,439 shares during the period. Innealta Capital LLC bought a new stake in shares of First Busey during the 2nd quarter valued at $34,000. Bank of New York Mellon Corp raised its stake in shares of First Busey by 1.
6% during the 2nd quarter. Bank of New York Mellon Corp now owns 411,749 shares of the bank’s stock valued at $9,968,000 after purchasing an additional 6,658 shares during the period. Everhart Financial Group Inc.
increased its stake in First Busey by 23.9% in the 2nd quarter. Everhart Financial Group Inc.
now owns 22,602 shares of the bank’s stock worth $547,000 after acquiring an additional 4,354 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in First Busey in the 2nd quarter worth about $216,000. 56.
49% of the stock is currently owned by institutional investors. Insider Activity at First Busey In other First Busey news, EVP John Joseph Powers sold 6,090 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $23.
54, for a total value of $143,358.60. Following the completion of the sale, the executive vice president now owns 89,511 shares in the company, valued at approximately $2,107,088.
94. The transaction was disclosed in a document filed with the SEC, which is available at this link . In other First Busey news, EVP John Joseph Powers sold 6,090 shares of the stock in a transaction that occurred on Friday, July 5th.
The stock was sold at an average price of $23.54, for a total value of $143,358.60.
Following the completion of the sale, the executive vice president now owns 89,511 shares in the company, valued at approximately $2,107,088.94. The transaction was disclosed in a document filed with the SEC, which is available at this link .
Also, CEO Van A. Dukeman sold 16,539 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $23.
54, for a total value of $389,328.06. Following the completion of the sale, the chief executive officer now owns 386,277 shares of the company’s stock, valued at approximately $9,092,960.
58. The disclosure for this sale can be found here . In the last ninety days, insiders purchased 264 shares of company stock worth $5,319 and sold 22,790 shares worth $536,477.
7.10% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In Check Out Our Latest Research Report on BUSE First Busey Price Performance BUSE opened at $26.
59 on Wednesday. The stock has a 50-day moving average price of $26.27 and a 200-day moving average price of $24.
17. First Busey Co. has a 12-month low of $17.
51 and a 12-month high of $28.97. The company has a current ratio of 0.
81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23.
The stock has a market capitalization of $1.51 billion, a P/E ratio of 13.52 and a beta of 0.
84. First Busey ( NASDAQ:BUSE – Get Free Report ) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.
50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01.
The company had revenue of $116.24 million during the quarter, compared to analysts’ expectations of $116.65 million.
First Busey had a return on equity of 9.10% and a net margin of 17.18%.
Equities analysts predict that First Busey Co. will post 2.05 earnings per share for the current fiscal year.
First Busey Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 19th were issued a dividend of $0.24 per share.
This represents a $0.96 annualized dividend and a yield of 3.61%.
The ex-dividend date was Friday, July 19th. First Busey’s dividend payout ratio is presently 48.48%.
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. See Also Five stocks we like better than First Busey Why Are Stock Sectors Important to Successful Investing? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 2 Fintech Stocks to Buy Now and 1 to Avoid Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is the Hang Seng index? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding BUSE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Busey Co. ( NASDAQ:BUSE – Free Report ). 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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