Dynamic Technology Lab Private Ltd lifted its holdings in First Busey Co. (NASDAQ:BUSE) by 34.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,385 shares of the bank’s stock after buying an additional 5,719 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in First Busey were worth $665,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC increased its holdings in shares of First Busey by 8.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 235,177 shares of the bank’s stock worth $7,041,000 after buying an additional 18,944 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Busey by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 430,761 shares of the bank’s stock worth $12,897,000 after buying an additional 4,121 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of First Busey by 8.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 29,994 shares of the bank’s stock worth $899,000 after buying an additional 2,233 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of First Busey in the 4th quarter worth about $397,000. Finally, Renaissance Technologies LLC increased its holdings in shares of First Busey by 4.1% in the 4th quarter. Renaissance Technologies LLC now owns 575,133 shares of the bank’s stock worth $17,219,000 after buying an additional 22,800 shares during the last quarter. Hedge funds and other institutional investors own 48.14% of the company’s stock.
First Busey opened at $31.93 on Friday, Marketbeat reports. First Busey Co. has a 12 month low of $27.33 and a 12 month high of $33.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1.58 billion, a P/E ratio of 19.83, a PEG ratio of 2.47 and a beta of 1.08.
First Busey (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). First Busey had a return on equity of 9.93% and a net margin of 20.74%. The firm had revenue of $82.24 million for the quarter, compared to analysts’ expectations of $84.98 million. research analysts expect that First Busey Co. will post 2.19 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of First Busey from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. B. Riley boosted their target price on shares of First Busey from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Keefe, Bruyette & Woods upgraded shares of First Busey from a “market perform” rating to an “outperform” rating in a report on Thursday, May 31st. Finally, Zacks Investment Research upgraded shares of First Busey from a “sell” rating to a “hold” rating in a report on Monday, May 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Busey currently has a consensus rating of “Hold” and an average target price of $33.80.
About First Busey
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.
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