Q1 Earnings Estimate for First Busey Issued By DA Davidson

First Busey Co. (NASDAQ:BUSE) – DA Davidson issued their Q1 2025 earnings per share estimates for shares of First Busey in a research report issued to clients and investors on Thursday, January 30th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.22 for the quarter. DA Davidson currently has a “Neutral” rating and a $25.00 target price on the stock. The consensus estimate for First Busey’s current full-year earnings is $2.58 per share. DA Davidson also issued estimates for First Busey’s FY2025 earnings at $2.90 EPS.

BUSE has been the topic of several other research reports. Piper Sandler cut their price target on First Busey from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Stephens reaffirmed an “equal weight” rating and set a $29.00 price target on shares of First Busey in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of First Busey in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, First Busey currently has a consensus rating of “Hold” and a consensus price target of $28.75.

First Busey Price Performance

Shares of NASDAQ BUSE opened at $24.34 on Monday. The firm has a market capitalization of $1.38 billion, a PE ratio of 12.36 and a beta of 0.87. First Busey has a fifty-two week low of $21.59 and a fifty-two week high of $28.97. The stock’s 50-day simple moving average is $24.39 and its 200-day simple moving average is $25.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

First Busey (NASDAQ:BUSE) last issued its earnings results on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. First Busey had a return on equity of 8.94% and a net margin of 17.14%.

First Busey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from First Busey’s previous quarterly dividend of $0.24. First Busey’s payout ratio is presently 50.76%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp acquired a new position in shares of First Busey in the third quarter valued at approximately $757,000. JPMorgan Chase & Co. increased its holdings in shares of First Busey by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 482,287 shares of the bank’s stock valued at $12,549,000 after purchasing an additional 39,900 shares during the period. FMR LLC increased its holdings in shares of First Busey by 168.7% in the third quarter. FMR LLC now owns 149,279 shares of the bank’s stock valued at $3,884,000 after purchasing an additional 93,733 shares during the period. Geode Capital Management LLC increased its holdings in shares of First Busey by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,295,804 shares of the bank’s stock valued at $33,723,000 after purchasing an additional 22,096 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of First Busey by 61.5% in the third quarter. Franklin Resources Inc. now owns 41,550 shares of the bank’s stock valued at $1,035,000 after purchasing an additional 15,829 shares during the period. Institutional investors and hedge funds own 56.49% of the company’s stock.

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.