Dynamic Technology Lab Private Ltd acquired a new stake in shares of First Busey Corp. (NASDAQ:BUSE) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 16,732 shares of the company’s stock, valued at approximately $358,000.
Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of First Busey Corp. by 3.5% in the first quarter. Prudential Financial Inc. now owns 40,319 shares of the company’s stock valued at $826,000 after buying an additional 1,364 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of First Busey Corp. by 0.4% in the first quarter. Commonwealth Equity Services Inc now owns 18,671 shares of the company’s stock valued at $382,000 after buying an additional 76 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of First Busey Corp. by 27.2% in the second quarter. California State Teachers Retirement System now owns 64,926 shares of the company’s stock valued at $1,389,000 after buying an additional 13,878 shares during the last quarter. Huntington Asset Advisors Inc. purchased a new stake in shares of First Busey Corp. during the first quarter valued at about $160,000. Finally, American Century Companies Inc. boosted its stake in shares of First Busey Corp. by 47.7% in the second quarter. American Century Companies Inc. now owns 73,254 shares of the company’s stock valued at $1,567,000 after buying an additional 23,658 shares during the last quarter. Hedge funds and other institutional investors own 46.21% of the company’s stock.
Shares of First Busey Corp. (NASDAQ:BUSE) opened at 22.67 on Tuesday. First Busey Corp. has a 12 month low of $17.68 and a 12 month high of $24.02. The firm has a market capitalization of $866.08 million, a PE ratio of 15.75 and a beta of 0.97. The stock’s 50 day moving average price is $23.39 and its 200-day moving average price is $21.80.
First Busey Corp. (NASDAQ:BUSE) last released its earnings results on Thursday, July 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. First Busey Corp. had a return on equity of 10.66% and a net margin of 22.23%. On average, equities analysts anticipate that First Busey Corp. will post $1.52 earnings per share for the current fiscal year.
BUSE has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded First Busey Corp. from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. First Busey Corp. presently has a consensus rating of “Buy” and an average price target of $22.83.
In other First Busey Corp. news, Director Stanley J. Bradshaw bought 1,603 shares of the stock in a transaction on Friday, July 29th. The stock was purchased at an average price of $22.97 per share, with a total value of $36,820.91. Following the acquisition, the director now owns 1,250 shares of the company’s stock, valued at $28,712.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 11.50% of the company’s stock.
First Busey Corp. Company Profile
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 at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management.
Want to see what other hedge funds are holding BUSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Busey Corp. (NASDAQ:BUSE).
Receive News & Ratings for First Busey Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Busey Corp. and related companies with MarketBeat.com's FREE daily email newsletter.