First Busey (NASDAQ:BUSE – Get Free Report) released its earnings results on Tuesday. The bank reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04, Yahoo Finance reports. The company had revenue of $170.45 million during the quarter, compared to the consensus estimate of $118.32 million. First Busey had a return on equity of 9.10% and a net margin of 17.18%. During the same quarter in the previous year, the company posted $0.55 earnings per share.
First Busey Trading Down 0.6 %
First Busey stock traded down $0.14 during mid-day trading on Thursday, hitting $24.55. 372,660 shares of the company’s stock were exchanged, compared to its average volume of 222,743. First Busey has a fifty-two week low of $17.51 and a fifty-two week high of $28.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.39 billion, a P/E ratio of 12.40 and a beta of 0.84. The company’s 50 day simple moving average is $25.95 and its 200-day simple moving average is $24.59.
First Busey Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 18th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Friday, October 18th. First Busey’s dividend payout ratio is currently 48.48%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on BUSE
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.
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