1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its stake in shares of First Busey Co. (NASDAQ:BUSE – Free Report) by 7.
0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,493 shares of the bank’s stock after selling 2,000 shares during the quarter. Corebridge Financial Inc.
’s holdings in First Busey were worth $624,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its holdings in First Busey by 168.
7% during the 3rd quarter. FMR LLC now owns 149,279 shares of the bank’s stock worth $3,884,000 after purchasing an additional 93,733 shares during the period. BNP Paribas Financial Markets grew its position in shares of First Busey by 127.
9% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,330 shares of the bank’s stock worth $633,000 after buying an additional 13,654 shares in the last quarter. Centiva Capital LP purchased a new position in shares of First Busey during the third quarter valued at $347,000.
Stifel Financial Corp bought a new stake in shares of First Busey in the third quarter valued at about $757,000. Finally, State Street Corp lifted its stake in First Busey by 0.4% in the third quarter.
State Street Corp now owns 1,497,004 shares of the bank’s stock worth $38,952,000 after acquiring an additional 6,367 shares during the period. Institutional investors own 56.49% of the company’s stock.
Insider Buying and SellingIn other news, Director Stanley J. Bradshaw bought 1,838 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $23.
75 per share, for a total transaction of $43,652.50. Following the completion of the transaction, the director now directly owns 437,481 shares in the company, valued at $10,390,173.
75. The trade was a 0.42 % increase in their position.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.10% of the stock is currently owned by insiders.
First Busey Price PerformanceNASDAQ BUSE opened at $19.20 on Tuesday. First Busey Co.
has a 12-month low of $18.40 and a 12-month high of $28.97.
The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.
22. The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.
75 and a beta of 0.75. The firm’s fifty day simple moving average is $23.
07 and its two-hundred day simple moving average is $24.38. First Busey (NASDAQ:BUSE – Get Free Report) last released its quarterly earnings data 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%. Analysts forecast that First Busey Co. will post 2.
61 EPS for the current fiscal year. First Busey Increases DividendThe business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a dividend of $0.
25 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.
00 dividend on an annualized basis and a dividend yield of 5.21%. This is a boost from First Busey’s previous quarterly dividend of $0.
24. First Busey’s payout ratio is currently 50.76%.
Wall Street Analyst Weigh InA number of research firms have commented on BUSE. Piper Sandler cut their target price 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 reduced 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 note on Wednesday, April 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 target price (down previously from $34.
00) on shares of First Busey in a report on Thursday, January 30th. Stephens reiterated an “equal weight” rating and issued a $26.00 price target on shares of First Busey in a report on Monday, February 24th.
Finally, DA Davidson restated a “neutral” rating and set a $25.00 price objective on shares of First Busey in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.80.
View Our Latest Research Report on First BuseyAbout First Busey (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.Read MoreFive stocks we like better than First BuseyWhat Are Growth Stocks and Investing in Them Options Activity Points to More Volatility for Palantir StockHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?3 Fintech Stocks With Good 2021 ProspectsMicroStrategy Sees Insider Buy-Sell Action in Q1Want 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)..
