First Busey (BUSE) Projected to Post Quarterly Earnings on Tuesday

First Busey (NASDAQ:BUSE) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $116,373.00 billion for the quarter.

First Busey (NASDAQ:BUSE) last issued 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. The firm had revenue of $170.45 million for the quarter, compared to the consensus estimate of $118.32 million. First Busey had a net margin of 16.94% and a return on equity of 8.94%. During the same period last year, the firm posted $0.55 EPS. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Busey Trading Up 1.2 %

Shares of NASDAQ:BUSE opened at $23.13 on Tuesday. First Busey has a fifty-two week low of $21.59 and a fifty-two week high of $28.97. The company has a market cap of $1.32 billion, a PE ratio of 11.92 and a beta of 0.88. The company’s 50-day moving average price is $25.11 and its 200 day moving average price is $25.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Busey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from First Busey’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, January 24th. First Busey’s payout ratio is 49.48%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BUSE. Stephens downgraded shares of First Busey from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their target price on shares of First Busey from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

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.