First Busey (BUSE) to Release Earnings on Tuesday

by · The Cerbat Gem

First Busey (NASDAQ:BUSE – Get Free Report) is projected to release its earnings data after the market closes on Tuesday, April 22nd. Analysts expect First Busey to post earnings of $0.54 per share and revenue of $140.15 million for the quarter.

First Busey (NASDAQ:BUSE – Get Free Report) last announced its quarterly earnings data 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 return on equity of 8.94% and a net margin of 17.14%. On average, analysts expect First Busey to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Busey Stock Down 0.2 %

Shares of First Busey stock opened at $19.96 on Monday. The company’s 50 day moving average price is $22.05 and its 200-day moving average price is $23.93. First Busey has a 52-week low of $18.40 and a 52-week high of $28.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.13 and a beta of 0.75.

First Busey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, April 17th. First Busey’s payout ratio is 50.76%.

Insider Transactions at First Busey

In other news, Director Stanley J. Bradshaw purchased 1,700 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost 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 represents a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

Analyst Ratings Changes

BUSE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $33.00 target price (down from $34.00) on shares of First Busey in a research note 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 on the stock in a research report on Wednesday, April 2nd. Piper Sandler decreased their price target on shares of First Busey from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. DA Davidson reiterated a “neutral” rating and issued a $25.00 price target on shares of First Busey in a research note on Tuesday, February 25th. Finally, Stephens restated an “equal weight” rating and issued a $26.00 price objective on shares of First Busey in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.80.

Read Our Latest Analysis on BUSE

First Busey Company Profile

(Get 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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