First Busey (NASDAQ:BUSE) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

First Busey (NASDAQ:BUSE) posted its quarterly earnings data on Monday. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02), MarketWatch Earnings reports. First Busey had a net margin of 22.18% and a return on equity of 8.62%.

Shares of NASDAQ BUSE opened at $21.17 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 0.86. The business’s 50 day moving average price is $22.22 and its 200-day moving average price is $19.16. First Busey has a fifty-two week low of $11.00 and a fifty-two week high of $27.13. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 11.57 and a beta of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 22nd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.35%. This is an increase from First Busey’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 21st. First Busey’s dividend payout ratio is presently 42.79%.

Several equities research analysts have recently issued reports on the company. B. Riley raised their price objective on First Busey from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, January 7th. TheStreet raised First Busey from a “c+” rating to a “b-” rating in a research note on Friday, November 13th. Raymond James reaffirmed a “hold” rating on shares of First Busey in a research note on Monday. Finally, Zacks Investment Research lowered First Busey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. First Busey has an average rating of “Hold” and a consensus target price of $26.33.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.

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Earnings History for First Busey (NASDAQ:BUSE)

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