First Busey (BUSE) Expected to Announce 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 Price Performance

Shares of First Busey stock opened at $22.88 on Friday. The firm has a fifty day moving average price of $24.80 and a two-hundred day moving average price of $25.56. First Busey has a fifty-two week low of $21.59 and a fifty-two week high of $28.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $1.30 billion, a PE ratio of 11.79 and a beta of 0.88.

First Busey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.37%. 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. First Busey’s payout ratio is currently 49.48%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BUSE. Keefe, Bruyette & Woods lifted their price objective on First Busey from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Stephens downgraded shares of First Busey from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $28.00 to $27.00 in a research note on Monday, October 14th.

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.