Lindbrook Capital LLC Boosts Stake in First Busey Co. (NASDAQ:BUSE)

Lindbrook Capital LLC raised its holdings in shares of First Busey Co. (NASDAQ:BUSE) by 1,143.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,057 shares of the bank’s stock after buying an additional 972 shares during the quarter. Lindbrook Capital LLC’s holdings in First Busey were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osborne Partners Capital Management LLC purchased a new position in shares of First Busey in the 4th quarter worth about $11,053,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Busey by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 605,177 shares of the bank’s stock worth $11,632,000 after purchasing an additional 34,034 shares in the last quarter. Plancorp LLC boosted its holdings in shares of First Busey by 742.9% in the 3rd quarter. Plancorp LLC now owns 1,320,225 shares of the bank’s stock worth $25,375,000 after purchasing an additional 1,163,596 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Busey by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,886,341 shares of the bank’s stock worth $55,475,000 after purchasing an additional 26,829 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of First Busey by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 385,328 shares of the bank’s stock worth $7,406,000 after purchasing an additional 5,025 shares in the last quarter. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other First Busey news, Director Karen M. Jensen acquired 2,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $24.40 per share, for a total transaction of $61,000.00. Following the acquisition, the director now owns 45,585 shares in the company, valued at approximately $1,112,274. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other First Busey news, Director Karen M. Jensen acquired 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $22.98 per share, for a total transaction of $45,960.00. Following the acquisition, the director now owns 47,585 shares in the company, valued at approximately $1,093,503.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karen M. Jensen acquired 2,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $24.40 per share, with a total value of $61,000.00. Following the acquisition, the director now owns 45,585 shares in the company, valued at approximately $1,112,274. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 4,817 shares of company stock worth $114,780 and sold 6,900 shares worth $157,182. Company insiders own 7.10% of the company’s stock.

First Busey Trading Down 1.3 %

Shares of BUSE stock opened at $22.80 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 11.52 and a beta of 0.85. First Busey Co. has a 1-year low of $16.26 and a 1-year high of $25.80. The business has a 50-day moving average of $23.05 and a 200 day moving average of $22.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.79 and a quick ratio of 0.79.

First Busey (NASDAQ:BUSE) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $108.65 million during the quarter, compared to analysts’ expectations of $107.74 million. First Busey had a return on equity of 9.49% and a net margin of 18.08%. As a group, sell-side analysts anticipate that First Busey Co. will post 2.14 earnings per share for the current year.

First Busey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 19th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, April 18th. First Busey’s dividend payout ratio (DPR) is currently 48.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BUSE shares. StockNews.com cut First Busey from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Stephens restated an “overweight” rating and set a $28.00 target price on shares of First Busey in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

First Busey 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.