Equities research analysts expect First Busey Co. (NASDAQ:BUSE) to announce $0.54 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for First Busey’s earnings, with estimates ranging from $0.53 to $0.55. First Busey reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 92.9%. The company is expected to report its next quarterly earnings report on Tuesday, April 27th.
On average, analysts expect that First Busey will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.30. For the next year, analysts forecast that the company will post earnings of $2.10 per share, with EPS estimates ranging from $1.95 to $2.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for First Busey.
First Busey (NASDAQ:BUSE) last posted its quarterly earnings data on Monday, January 25th. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). First Busey had a return on equity of 8.62% and a net margin of 22.18%. The firm had revenue of $103.44 million for the quarter, compared to analysts’ expectations of $99.73 million.
NASDAQ BUSE traded down $0.74 on Friday, hitting $24.47. 3,746 shares of the stock were exchanged, compared to its average volume of 167,565. First Busey has a 52-week low of $14.25 and a 52-week high of $26.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.78 and a beta of 1.13. The company’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $22.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Friday, April 23rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, April 22nd. First Busey’s dividend payout ratio is presently 42.79%.
A number of large investors have recently modified their holdings of BUSE. BlackRock Inc. boosted its holdings in First Busey by 4.7% in the fourth quarter. BlackRock Inc. now owns 3,875,426 shares of the bank’s stock worth $83,515,000 after purchasing an additional 174,040 shares in the last quarter. THB Asset Management boosted its holdings in First Busey by 46.7% in the fourth quarter. THB Asset Management now owns 514,112 shares of the bank’s stock worth $11,079,000 after purchasing an additional 163,747 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in First Busey by 56.9% in the fourth quarter. JPMorgan Chase & Co. now owns 345,323 shares of the bank’s stock worth $7,442,000 after purchasing an additional 125,201 shares in the last quarter. First Trust Advisors LP boosted its holdings in First Busey by 86.5% in the first quarter. First Trust Advisors LP now owns 127,968 shares of the bank’s stock worth $3,122,000 after purchasing an additional 59,368 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new stake in First Busey in the fourth quarter worth $1,116,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.
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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