First Busey (BUSE) Expected to Announce Earnings on Tuesday

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 results on Tuesday, January 28th. The bank reported $0.53 EPS 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 Trading Down 0.2 %

BUSE stock traded down $0.04 during mid-day trading on Friday, hitting $19.96. 535,484 shares of the company were exchanged, compared to its average volume of 329,049. The business has a fifty day simple moving average of $22.15 and a 200-day simple moving average of $23.98. The firm has a market capitalization of $1.14 billion, a P/E ratio of 10.13 and a beta of 0.75. First Busey has a 12-month low of $18.40 and a 12-month high of $28.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Busey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 5.01%. First Busey's dividend payout ratio (DPR) is presently 50.76%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BUSE shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $33.00 price objective (down from $34.00) on shares of First Busey in a research note on Thursday, January 30th. Piper Sandler dropped their target price on First Busey from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Stephens reissued an "equal weight" rating and set a $26.00 price target on shares of First Busey in a research report on Monday, February 24th. DA Davidson restated a "neutral" rating and issued a $25.00 price objective on shares of First Busey in a report on Tuesday, February 25th. Finally, Raymond James reduced their target price on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.80.

Insider Activity at First Busey

In other news, Director Stanley J. Bradshaw acquired 1,838 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $23.75 per share, with a total value of $43,652.50. Following the transaction, the director now owns 437,481 shares in the company, valued at approximately $10,390,173.75. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is owned by corporate insiders.

About First Busey

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.