2 days Ago By ABMN Staff
Geode Capital Management LLC lowered its position in shares of First Busey Co. ( NASDAQ:BUSE – Free Report ) by 0.7% in the fourth quarter, Holdings Channel.
com reports. The fund owned 1,286,983 shares of the bank’s stock after selling 8,821 shares during the quarter. Geode Capital Management LLC’s holdings in First Busey were worth $30,341,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in First Busey by 1,173.
5% in the 4th 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 stake in shares of First Busey in the fourth quarter valued at about $35,000. Meeder Asset Management Inc. raised its position in shares of First Busey by 161.
1% in the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank’s stock valued at $40,000 after buying an additional 1,047 shares during the last quarter.
KLP Kapitalforvaltning AS purchased a new position in shares of First Busey in the fourth quarter worth about $245,000. Finally, EntryPoint Capital LLC acquired a new position in First Busey during the fourth quarter worth about $280,000. Hedge funds and other institutional investors own 56.
49% of the company’s stock. Analysts Set New Price Targets A number of research analysts have weighed in on the stock. Piper Sandler decreased 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 note on Thursday, January 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $33.
00 price objective (down previously from $34.00) on shares of First Busey in a research report on Thursday, January 30th. DA Davidson restated a “neutral” rating and issued a $25.
00 target price on shares of First Busey in a report on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and issued a $26.00 target price on shares of First Busey in a research note on Monday, February 24th.
Finally, Raymond James lowered their price target on shares of First Busey from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.
Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.80.
Insider Buying and Selling at First Busey In other First Busey news, Director Stanley J. Bradshaw purchased 1,838 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $23.
75 per share, for a total transaction of $43,652.50. Following the completion of the purchase, the director now directly owns 437,481 shares in the company, valued at approximately $10,390,173.
75. The trade was a 0.42 % increase in their position.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 7.10% of the stock is currently owned by corporate insiders.
First Busey Price Performance BUSE stock opened at $20.00 on Thursday. The business has a fifty day moving average of $22.
25 and a two-hundred day moving average of $24.02. The company has a quick ratio of 0.
82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.
The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 10.15 and a beta of 0.
75. First Busey Co. has a 52-week low of $18.
40 and a 52-week high of $28.97. 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, research analysts anticipate that First Busey Co. will post 2.
61 earnings per share for the current year. First Busey Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 18th will be issued a dividend of $0.
25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.
00%. The ex-dividend date of this dividend is Thursday, April 17th. First Busey’s dividend payout ratio (DPR) is 50.
76%. About 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.
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