SG Americas Securities LLC purchased a new position in First Busey Corporation (NASDAQ:BUSE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,178 shares of the bank’s stock, valued at approximately $269,000.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of First Busey Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 1,457,492 shares of the bank’s stock worth $42,850,000 after purchasing an additional 105,803 shares in the last quarter. Bank of America Corp DE boosted its stake in First Busey Corporation by 128.0% during the first quarter. Bank of America Corp DE now owns 171,816 shares of the bank’s stock valued at $5,051,000 after buying an additional 96,454 shares in the last quarter. Stifel Financial Corp bought a new position in First Busey Corporation during the first quarter valued at about $299,000. Geode Capital Management LLC boosted its stake in First Busey Corporation by 12.8% during the first quarter. Geode Capital Management LLC now owns 319,939 shares of the bank’s stock valued at $9,406,000 after buying an additional 36,377 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in First Busey Corporation by 0.3% during the first quarter. Wellington Management Group LLP now owns 2,601,325 shares of the bank’s stock valued at $76,479,000 after buying an additional 8,500 shares in the last quarter. 45.58% of the stock is owned by institutional investors.
Several brokerages recently weighed in on BUSE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 target price on shares of First Busey Corporation in a research note on Friday, May 26th. Zacks Investment Research cut First Busey Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub cut First Busey Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Piper Jaffray Companies set a $32.00 target price on First Busey Corporation and gave the company a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised First Busey Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.00.
In other news, insider Curt A. Anderson sold 1,400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $29.40, for a total transaction of $41,160.00. Following the completion of the sale, the insider now owns 43,482 shares in the company, valued at $1,278,370.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.60% of the company’s stock.
First Busey Corporation (BUSE) opened at 29.17 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 19.29 and a beta of 0.99. The company’s 50-day moving average price is $28.91 and its 200 day moving average price is $29.33. First Busey Corporation has a 52 week low of $21.80 and a 52 week high of $32.22.
First Busey Corporation (NASDAQ:BUSE) last released its earnings results on Tuesday, July 25th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $63.40 million. First Busey Corporation had a return on equity of 10.59% and a net margin of 22.04%. On average, analysts anticipate that First Busey Corporation will post $1.74 EPS for the current year.
First Busey Corporation Company Profile
First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.
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