MPS Loria Financial Planners LLC Has $924,000 Stock Holdings in First Busey Co. (NASDAQ:BUSE)

MPS Loria Financial Planners LLC decreased its position in First Busey Co. (NASDAQ:BUSE) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,524 shares of the bank’s stock after selling 4,257 shares during the quarter. First Busey makes up approximately 0.3% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 28th largest position. MPS Loria Financial Planners LLC’s holdings in First Busey were worth $924,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management grew its holdings in shares of First Busey by 5.7% in the first quarter. LSV Asset Management now owns 1,359,080 shares of the bank’s stock worth $32,686,000 after purchasing an additional 72,800 shares during the last quarter. Denali Advisors LLC grew its position in shares of First Busey by 3,072.7% during the 1st quarter. Denali Advisors LLC now owns 34,900 shares of the bank’s stock valued at $839,000 after acquiring an additional 33,800 shares during the period. Janus Henderson Group PLC lifted its stake in shares of First Busey by 22.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,159,907 shares of the bank’s stock valued at $27,895,000 after buying an additional 212,782 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in First Busey by 14.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,013 shares of the bank’s stock worth $409,000 after purchasing an additional 2,180 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of First Busey in the 3rd quarter worth about $540,000. Institutional investors own 56.49% of the company’s stock.

Analysts Set New Price Targets

BUSE has been the topic of a number of research analyst reports. Stephens downgraded shares of First Busey from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $28.00 to $27.00 in a research note on Monday, October 14th. Keefe, Bruyette & Woods increased their price objective on shares of First Busey from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of First Busey from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, DA Davidson raised their price target on shares of First Busey from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, First Busey presently has an average rating of “Moderate Buy” and an average price target of $27.80.

First Busey Stock Performance

Shares of NASDAQ BUSE opened at $24.78 on Tuesday. The company has a 50-day simple moving average of $25.95 and a 200-day simple moving average of $24.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.81 and a quick ratio of 0.81. First Busey Co. has a 12 month low of $17.51 and a 12 month high of $28.97. The company has a market cap of $1.41 billion, a PE ratio of 12.52 and a beta of 0.84.

First Busey (NASDAQ:BUSE) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. First Busey had a net margin of 17.18% and a return on equity of 9.10%. The business had revenue of $116.24 million during the quarter, compared to analyst estimates of $116.65 million. On average, equities analysts anticipate that First Busey Co. will post 2.05 earnings per share for the current year.

First Busey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 18th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Friday, October 18th. First Busey’s payout ratio is 48.48%.

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.