First Busey (BUSE) Projected to Post Earnings on Tuesday

First Busey (NASDAQ:BUSE) is projected 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 Trading Down 1.0 %

Shares of First Busey stock opened at $22.88 on Friday. First Busey has a 12-month low of $21.59 and a 12-month high of $28.97. The stock has a market capitalization of $1.30 billion, a P/E ratio of 11.79 and a beta of 0.88. The company has a 50-day simple moving average of $24.80 and a 200 day simple moving average of $25.56. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is a positive change from First Busey’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.37%. First Busey’s dividend payout ratio (DPR) is presently 49.48%.

Wall Street Analyst Weigh In

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

About First Busey

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.