First Busey Co. (NASDAQ:BUSE) Stock Holdings Trimmed by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC decreased its holdings in shares of First Busey Co. (NASDAQ:BUSE - Free Report) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,110 shares of the bank's stock after selling 42,000 shares during the quarter. Osborne Partners Capital Management LLC owned about 0.68% of First Busey worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management grew its position in First Busey by 5.7% in the first quarter. LSV Asset Management now owns 1,359,080 shares of the bank's stock valued at $32,686,000 after acquiring an additional 72,800 shares in the last quarter. Denali Advisors LLC increased its stake in First Busey by 3,072.7% during the 1st quarter. Denali Advisors LLC now owns 34,900 shares of the bank's stock worth $839,000 after buying an additional 33,800 shares during the period. Janus Henderson Group PLC increased its stake in First Busey by 22.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,159,907 shares of the bank's stock worth $27,895,000 after buying an additional 212,782 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in First Busey by 14.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,013 shares of the bank's stock worth $409,000 after buying an additional 2,180 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in First Busey in the 3rd quarter valued at about $540,000. 56.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BUSE. StockNews.com raised First Busey from a "sell" rating to a "hold" rating in a report on Thursday, September 12th. DA Davidson raised their price target on shares of First Busey from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. Stephens lowered shares of First Busey from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $28.00 to $27.00 in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First Busey from $31.00 to $33.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.80.

First Busey Stock Performance

Shares of BUSE stock traded down $0.37 on Friday, hitting $24.18. 345,702 shares of the stock traded hands, compared to its average volume of 290,487. The company has a market capitalization of $1.37 billion, a PE ratio of 12.46 and a beta of 0.84. The company's fifty day moving average is $25.90 and its 200 day moving average is $24.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.81 and a quick ratio of 0.81. First Busey Co. has a 1-year low of $18.50 and a 1-year high of $28.97.

First Busey (NASDAQ:BUSE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. First Busey had a net margin of 16.94% and a return on equity of 9.12%. The company had revenue of $170.45 million for the quarter, compared to the consensus estimate of $118.32 million. During the same period last year, the firm posted $0.55 EPS. On average, equities research analysts predict that First Busey Co. will post 2.05 earnings per share for the current fiscal year.

First Busey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 18th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, October 18th. First Busey's dividend payout ratio (DPR) is presently 49.48%.

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.