1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its stake in First Busey Co. ( NASDAQ:BUSE – Free Report ) by 39.
2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 671,402 shares of the bank’s stock after buying an additional 189,115 shares during the period. JPMorgan Chase & Co.
’s holdings in First Busey were worth $15,825,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Emerald Advisers LLC purchased a new position in First Busey in the 4th quarter worth approximately $9,115,000.
Peregrine Capital Management LLC bought a new stake in First Busey in the 4th quarter worth $5,498,000. Sei Investments Co. increased its position in shares of First Busey by 65.
8% in the fourth quarter. Sei Investments Co. now owns 292,056 shares of the bank’s stock valued at $6,883,000 after acquiring an additional 115,864 shares during the period.
FMR LLC raised its stake in shares of First Busey by 168.7% during the third quarter. FMR LLC now owns 149,279 shares of the bank’s stock valued at $3,884,000 after acquiring an additional 93,733 shares during the last quarter.
Finally, Barclays PLC boosted its holdings in shares of First Busey by 81.1% during the third quarter. Barclays PLC now owns 135,069 shares of the bank’s stock worth $3,516,000 after purchasing an additional 60,506 shares during the period.
Institutional investors own 56.49% of the company’s stock. First Busey Price Performance BUSE opened at $19.
43 on Friday. 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 company has a market cap of $1.
11 billion, a price-to-earnings ratio of 9.86 and a beta of 0.75.
The stock has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $24.13.
First Busey Co. has a 12-month low of $18.40 and a 12-month high of $28.
97. First Busey Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 18th will be given a $0.
25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.
00 dividend on an annualized basis and a dividend yield of 5.15%. First Busey’s dividend payout ratio is currently 50.
76%. Analysts Set New Price Targets BUSE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.
00 price target (down previously from $34.00) on shares of First Busey in a report on Thursday, January 30th. Piper Sandler decreased their target price on First Busey from $32.
00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. DA Davidson reiterated a “neutral” rating and issued a $25.
00 price target on shares of First Busey in a report on Tuesday, February 25th. Raymond James reduced their price objective 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. Finally, Stephens reaffirmed an “equal weight” rating and issued a $26.00 target price on shares of First Busey in a research report on Monday, February 24th.
Three equities 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 currently has a consensus rating of “Moderate Buy” and an average target price of $27.80.
Check Out Our Latest Stock Report on First Busey Insider Transactions at First Busey In other news, Director Stanley J. Bradshaw purchased 1,700 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $21.
70 per share, for a total transaction of $36,890.00. Following the purchase, the director now directly owns 482,143 shares in the company, valued at approximately $10,462,503.
10. This trade represents a 0.35 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . 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 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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