First Busey Co. (NASDAQ:BUSE) – Analysts at B. Riley decreased their Q2 2020 EPS estimates for shares of First Busey in a report issued on Thursday, July 11th. B. Riley analyst S. Moss now anticipates that the bank will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.58. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for First Busey’s Q4 2020 earnings at $0.60 EPS.

First Busey (NASDAQ:BUSE) last released its earnings results on Tuesday, April 23rd. The bank reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). The company had revenue of $94.33 million for the quarter, compared to analysts’ expectations of $96.24 million. First Busey had a return on equity of 10.23% and a net margin of 25.94%.

BUSE has been the topic of several other research reports. Stephens assumed coverage on shares of LiqTech International in a research report on Tuesday, July 9th. They set an “overweight” rating and a $13.00 target price on the stock. BidaskClub cut shares of Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Zacks Investment Research cut shares of General Finance from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.50.

NASDAQ:BUSE opened at $25.99 on Monday. The stock has a market cap of $1.45 billion, a P/E ratio of 12.38, a PEG ratio of 2.08 and a beta of 1.00. First Busey has a twelve month low of $23.13 and a twelve month high of $32.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average is $25.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its stake in shares of First Busey by 7.8% in the 1st quarter. Meeder Asset Management Inc. now owns 8,694 shares of the bank’s stock valued at $212,000 after purchasing an additional 626 shares during the period. Legal & General Group Plc lifted its stake in shares of First Busey by 10.3% in the 4th quarter. Legal & General Group Plc now owns 7,893 shares of the bank’s stock valued at $194,000 after purchasing an additional 738 shares during the period. California Public Employees Retirement System lifted its stake in shares of First Busey by 2.8% in the 1st quarter. California Public Employees Retirement System now owns 90,527 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 2,496 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of First Busey by 137.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 4,636 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,686 shares during the period. Finally, Stone Ridge Asset Management LLC lifted its stake in shares of First Busey by 23.5% in the 4th quarter. Stone Ridge Asset Management LLC now owns 17,937 shares of the bank’s stock valued at $440,000 after purchasing an additional 3,412 shares during the period. Institutional investors and hedge funds own 45.89% of the company’s stock.

In other First Busey news, Director Stanley J. Bradshaw acquired 1,183 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $24.95 per share, for a total transaction of $29,515.85. Following the purchase, the director now owns 4,195 shares in the company, valued at approximately $104,665.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stanley J. Bradshaw acquired 3,680 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were acquired at an average price of $25.69 per share, with a total value of $94,539.20. Following the completion of the purchase, the director now owns 4,195 shares in the company, valued at approximately $107,769.55. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 69,955 shares of company stock valued at $1,859,546. Company insiders own 7.50% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 19th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, July 18th. First Busey’s payout ratio is 40.00%.

About First Busey

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.

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Earnings History and Estimates for First Busey (NASDAQ:BUSE)

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