Creative Planning Has $1.43 Million Holdings in First Busey Co. (NASDAQ:BUSE)

Creative Planning lifted its position in First Busey Co. (NASDAQ:BUSE) by 45.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,090 shares of the bank’s stock after purchasing an additional 17,248 shares during the quarter. Creative Planning owned 0.10% of First Busey worth $1,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of First Busey by 22.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,159,907 shares of the bank’s stock valued at $27,895,000 after buying an additional 212,782 shares in the last quarter. American Century Companies Inc. raised its position in First Busey by 20.8% in the second quarter. American Century Companies Inc. now owns 947,406 shares of the bank’s stock worth $22,937,000 after purchasing an additional 163,042 shares in the last quarter. Renaissance Technologies LLC raised its position in First Busey by 28.9% in the second quarter. Renaissance Technologies LLC now owns 386,231 shares of the bank’s stock worth $9,351,000 after purchasing an additional 86,492 shares in the last quarter. LSV Asset Management lifted its stake in First Busey by 5.7% during the first quarter. LSV Asset Management now owns 1,359,080 shares of the bank’s stock worth $32,686,000 after purchasing an additional 72,800 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in First Busey during the third quarter valued at approximately $540,000. 56.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BUSE has been the subject of several analyst reports. Stephens downgraded First Busey from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Monday, October 14th. DA Davidson lifted their price objective on First Busey from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Keefe, Bruyette & Woods upped their target price on shares of First Busey from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, StockNews.com raised shares of First Busey from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, First Busey has an average rating of “Moderate Buy” and an average target price of $27.80.

First Busey Price Performance

Shares of BUSE stock opened at $24.78 on Wednesday. First Busey Co. has a 52 week low of $19.22 and a 52 week high of $28.97. The stock has a market capitalization of $1.41 billion, a PE ratio of 12.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s fifty day moving average is $25.86 and its 200-day moving average is $24.66.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. First Busey had a net margin of 16.94% and a return on equity of 9.12%. The firm had revenue of $170.45 million during the quarter, compared to analysts’ expectations of $118.32 million. During the same quarter last year, the company posted $0.55 EPS. Equities research analysts expect that First Busey Co. will post 2.05 EPS for the current fiscal year.

First Busey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 18th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, October 18th. First Busey’s dividend payout ratio (DPR) is presently 49.48%.

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.