1 week Ago By ABMN Staff
Corebridge Financial Inc. lessened its holdings in shares of First Busey Co. ( NASDAQ:BUSE – Free Report ) by 7.
0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,493 shares of the bank’s stock after selling 2,000 shares during the period. Corebridge Financial Inc.
’s holdings in First Busey were worth $624,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc.
grew its position in shares of First Busey by 1,173.5% in the fourth quarter. PNC Financial Services Group Inc.
now owns 1,439 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,326 shares in the last quarter. R Squared Ltd acquired a new position in First Busey during the fourth quarter worth $35,000. KLP Kapitalforvaltning AS purchased a new stake in First Busey in the 4th quarter valued at $245,000.
Inceptionr LLC purchased a new stake in First Busey in the 4th quarter valued at $315,000. Finally, XTX Topco Ltd acquired a new stake in shares of First Busey in the 3rd quarter worth $337,000. Institutional investors and hedge funds own 56.
49% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the stock. Piper Sandler lowered their price target 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 decreased their target price on shares of First Busey from $29.
00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. DA Davidson restated a “neutral” rating and set a $25.
00 price target on shares of First Busey in a report on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and set a $26.00 price target on shares of First Busey in a research report on Monday, February 24th.
Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 price objective (down from $34.00) on shares of First Busey in a research report on Thursday, January 30th.
Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.
80. Insider Activity at First Busey In other First Busey news, Director Stanley J. Bradshaw purchased 1,700 shares of First Busey stock in a transaction dated Thursday, March 13th.
The shares were acquired at an average price of $21.70 per share, with a total value of $36,890.00.
Following the completion of the transaction, the director now owns 482,143 shares of the company’s stock, valued at $10,462,503.10. This trade represents a 0.
35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . 7.
10% of the stock is currently owned by company insiders. First Busey Price Performance First Busey stock opened at $19.20 on Tuesday.
The company’s 50 day simple moving average is $23.07 and its 200-day simple moving average is $24.38.
The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.
82. First Busey Co. has a 1 year low of $18.
40 and a 1 year high of $28.97. The company has a market capitalization of $1.
09 billion, a price-to-earnings ratio of 9.75 and a beta of 0.75.
First Busey ( NASDAQ:BUSE – Get Free Report ) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share 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%. As a group, equities research analysts expect that First Busey Co.
will post 2.61 earnings per share for the current year. First Busey Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, January 31st.
Investors of record on Friday, January 24th were paid a dividend of $0.25 per share. 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%. First Busey Company 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.
Read More 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 ).
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