First Busey Co. (NASDAQ:BUSE) declared a quarterly dividend on Tuesday, January 16th, NASDAQ reports. Investors of record on Friday, January 26th will be given a dividend of 0.20 per share by the bank on Friday, February 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Thursday, January 25th. This is a boost from First Busey’s previous quarterly dividend of $0.18.
First Busey (NASDAQ:BUSE) traded up $0.29 during trading hours on Friday, hitting $29.67. 248,061 shares of the stock were exchanged, compared to its average volume of 122,305. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93. First Busey has a 12 month low of $27.33 and a 12 month high of $32.88. The company has a market cap of $1,444.48, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.22 and a beta of 1.03.
First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). First Busey had a return on equity of 10.75% and a net margin of 20.31%. The business had revenue of $86.61 million for the quarter, compared to analyst estimates of $82.39 million. equities analysts expect that First Busey will post 2.23 EPS for the current year.
Several brokerages have recently commented on BUSE. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 target price on shares of First Busey in a report on Thursday, October 26th. FBR & Co reiterated a “neutral” rating and issued a $34.00 target price (up previously from $32.00) on shares of First Busey in a report on Wednesday, October 25th. BidaskClub upgraded shares of First Busey from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of First Busey from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 target price on shares of First Busey in a report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. First Busey has a consensus rating of “Hold” and a consensus price target of $33.60.
About First Busey
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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