9,178 Shares in First Busey Corporation (BUSE) Acquired by SG Americas Securities LLC

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.

WARNING: “9,178 Shares in First Busey Corporation (BUSE) Acquired by SG Americas Securities LLC” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/09/17/9178-shares-in-first-busey-corporation-buse-acquired-by-sg-americas-securities-llc.html.

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.

Institutional Ownership by Quarter for First Busey Corporation (NASDAQ:BUSE)

Receive News & Ratings for First Busey Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply