First Busey Co. to Post FY2025 Earnings of $2.52 Per Share, DA Davidson Forecasts (NASDAQ:BUSE)

First Busey Co. (NASDAQ:BUSE) – DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of First Busey in a research note issued on Thursday, August 29th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $2.52 for the year, up from their previous forecast of $2.45. DA Davidson currently has a “Neutral” rating and a $29.00 target price on the stock. The consensus estimate for First Busey’s current full-year earnings is $2.06 per share.

First Busey (NASDAQ:BUSE) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. First Busey had a net margin of 17.18% and a return on equity of 9.26%. The business had revenue of $116.24 million during the quarter, compared to the consensus estimate of $116.65 million.

BUSE has been the subject of several other reports. Keefe, Bruyette & Woods raised their target price on shares of First Busey from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Finally, Stephens restated an “overweight” rating and set a $31.00 price objective on shares of First Busey in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.60.

First Busey Trading Up 0.6 %

Shares of NASDAQ:BUSE opened at $27.05 on Friday. First Busey has a 52-week low of $17.51 and a 52-week high of $28.97. The company has a market capitalization of $1.53 billion, a P/E ratio of 13.66 and a beta of 0.85. The company has a 50-day simple moving average of $25.63 and a 200 day simple moving average of $23.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in First Busey by 22.5% during the first quarter. Janus Henderson Group PLC now owns 1,159,907 shares of the bank’s stock valued at $27,895,000 after purchasing an additional 212,782 shares during the period. American Century Companies Inc. increased its holdings in First Busey by 20.8% during the second quarter. American Century Companies Inc. now owns 947,406 shares of the bank’s stock valued at $22,937,000 after buying an additional 163,042 shares during the last quarter. Renaissance Technologies LLC increased its holdings in First Busey by 28.9% during the second quarter. Renaissance Technologies LLC now owns 386,231 shares of the bank’s stock valued at $9,351,000 after buying an additional 86,492 shares during the last quarter. LSV Asset Management increased its holdings in First Busey by 5.7% during the first quarter. LSV Asset Management now owns 1,359,080 shares of the bank’s stock valued at $32,686,000 after buying an additional 72,800 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in First Busey by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,552,667 shares of the bank’s stock valued at $38,537,000 after buying an additional 57,392 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.

Insider Activity at First Busey

In other First Busey news, EVP John Joseph Powers sold 6,090 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $23.54, for a total value of $143,358.60. Following the completion of the transaction, the executive vice president now directly owns 89,511 shares of the company’s stock, valued at approximately $2,107,088.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP John Joseph Powers sold 6,090 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $23.54, for a total transaction of $143,358.60. Following the sale, the executive vice president now owns 89,511 shares of the company’s stock, valued at $2,107,088.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Van A. Dukeman sold 16,539 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $23.54, for a total transaction of $389,328.06. Following the sale, the chief executive officer now directly owns 386,277 shares in the company, valued at approximately $9,092,960.58. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 264 shares of company stock worth $5,319 and sold 22,790 shares worth $536,477. 7.10% of the stock is owned by company insiders.

First Busey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.96 annualized dividend and a dividend yield of 3.55%. First Busey’s payout ratio is currently 48.48%.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.