First Busey (BUSE) to Release Quarterly Earnings on Tuesday

First Busey (NASDAQ:BUSE - Get Free Report) will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect First Busey to post earnings of $0.52 per share and revenue of $116,373.00 billion for the quarter.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. First Busey had a return on equity of 8.94% and a net margin of 16.94%. The firm had revenue of $170.45 million during the quarter, compared to the consensus estimate of $118.32 million. During the same quarter in the previous year, the company posted $0.55 EPS. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Busey Price Performance

Shares of First Busey stock traded up $0.14 during trading on Tuesday, reaching $23.27. The company's stock had a trading volume of 137,478 shares, compared to its average volume of 294,917. The stock has a 50-day moving average price of $25.11 and a two-hundred day moving average price of $25.59. The stock has a market capitalization of $1.32 billion, a P/E ratio of 12.00 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. First Busey has a one year low of $21.59 and a one year high of $28.97.

First Busey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from First Busey's previous quarterly dividend of $0.24. First Busey's dividend payout ratio (DPR) is presently 49.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BUSE shares. Keefe, Bruyette & Woods upped their price target on First Busey from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Stephens downgraded shares of First Busey from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $28.00 to $27.00 in a research report on Monday, October 14th.

First Busey Company Profile

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.