First Busey (BUSE) to Release Quarterly Earnings on Tuesday

First Busey (NASDAQ:BUSE) is expected to be issuing 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 Stock Performance

BUSE stock opened at $22.88 on Monday. The stock has a market capitalization of $1.30 billion, a PE ratio of 11.79 and a beta of 0.88. The stock’s 50 day simple moving average is $24.80 and its 200 day simple moving average is $25.57. First Busey has a 12-month low of $21.59 and a 12-month high of $28.97. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Busey Increases Dividend

The firm also recently declared 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 an increase from First Busey’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, January 24th. First Busey’s dividend payout ratio is presently 51.55%.

Analyst Ratings Changes

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

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.