Brokerages expect First Busey Co. (NASDAQ:BUSE – Get Rating) to announce $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for First Busey’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.57. First Busey reported earnings per share of $0.57 in the same quarter last year, which suggests a negative year over year growth rate of 3.5%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that First Busey will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.27. For the next year, analysts forecast that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.23 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover First Busey.
First Busey (NASDAQ:BUSE – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The bank reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). First Busey had a net margin of 25.94% and a return on equity of 9.83%. During the same quarter in the previous year, the company posted $0.69 earnings per share.
NASDAQ BUSE traded down $0.15 during trading on Friday, reaching $22.07. The company’s stock had a trading volume of 187,788 shares, compared to its average volume of 220,590. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.87 and a beta of 0.93. First Busey has a twelve month low of $21.00 and a twelve month high of $29.73. The business’s fifty day moving average price is $24.79 and its 200-day moving average price is $26.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 22nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Thursday, April 21st. First Busey’s dividend payout ratio is currently 45.32%.
In related news, Director Stanley J. Bradshaw bought 4,000 shares of the company’s stock in a transaction on Friday, April 29th. The stock was bought at an average cost of $22.52 per share, with a total value of $90,080.00. Following the completion of the acquisition, the director now owns 28,600 shares in the company, valued at approximately $644,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of First Busey by 1.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 25,228 shares of the bank’s stock worth $684,000 after buying an additional 429 shares in the last quarter. Legal & General Group Plc increased its stake in shares of First Busey by 2.6% during the 4th quarter. Legal & General Group Plc now owns 19,713 shares of the bank’s stock worth $535,000 after purchasing an additional 504 shares in the last quarter. Bank of Montreal Can increased its stake in shares of First Busey by 4.4% during the 1st quarter. Bank of Montreal Can now owns 13,021 shares of the bank’s stock worth $335,000 after purchasing an additional 550 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of First Busey by 5.4% during the 1st quarter. Teacher Retirement System of Texas now owns 10,873 shares of the bank’s stock worth $276,000 after purchasing an additional 553 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of First Busey by 38.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,026 shares of the bank’s stock worth $55,000 after purchasing an additional 563 shares in the last quarter. Institutional investors and hedge funds own 48.65% of the company’s stock.
First Busey Company Profile (Get Rating)
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 through three segments: Banking, FirsTech, and Wealth Management.
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