On Wednesday, December 21, the analysts at DA Davidson published their projections for the earnings per share that First Busey Corporation (NASDAQ: BUSE) would have for the fiscal year 2022. These projections were published online. Profits for the year will average $2.55 per share, as anticipated by J. Rules, an analyst working for DA Davidson, who believes that the financial institution will achieve this level of success. DA Davidson has provided its clients with a ” neutral ” rating for the stock. The most recent earnings forecast for the entire year for First Boston comes in at $2.41 per share. In addition, DA Davidson predicted that First Busey would earn $0.82 per share during the fourth quarter of 2022, and the company would earn $2.95 per share throughout the fiscal year 2023.
First, Busey (NASDAQ: BUSE) announced on Tuesday, October 25, the dissemination of the quarterly financial data that it had previously compiled. The financial institution reported earnings per share of $0.65 for the quarter, which is $0.01 higher than the consensus expectation of earnings per share among analysts, which was $0.64. The revenue generated by the company during the quarter was $117.24 million, which is higher than the anticipated figure of $116.10 million that was expected to be generated by the company. The return on equity for First Busey was 10.81 percent, while the net margin for the company was 26.70 percent.
BUSE stock began trading on Friday for $24.85 per share. The first day of trading was on Friday. The current price-to-earnings ratio for the stock is 11.24, and its beta value is 0.92; these metrics combine to give the stock a market value of $1.37 billion. The company’s simple moving average over the past 50 days is $25.45, and its simple moving average over the past 200 days is $24.15, respectively. 0.73 is the value reached when the current ratio, the quick ratio, and the debt-to-equity ratio are all added up. The ratio of debt to equity is currently at 0.30. The price of Busey’s stock has moved in a range that began at $21.66 and reached a high of $29.73 over the past 52 weeks.
In recent weeks, several well-known equity analysts have published reports on BUSE. These reports have been published. In a report that was released on Friday, October 28, Raymond James increased their price target on First Busey from $25 to $29.00. The report was published. In addition to that, they gave the business an “outperform” rating. The company stated on Thursday, December 15, in a report distributed by StockNews.com, that they do not advocate purchasing First Boston’s stock and have instead assigned it a rating of “hold.” This rating indicates that the company believes investors should maintain their current holdings of First Boston stock.
In addition, the company announced the distribution of a quarterly dividend, which took place on the 28th of this month. On Friday, October 21, a dividend payment of $0.23 was made to shareholders with their record date on Friday. The ex-dividend day occurred on October 20, a Thursday this past week. Consequently, the dividend yield comes to 3.70 percent, and the annual dividend payment comes to 0.92 dollars. At this time, the dividend payout ratio for First Boston is at a level of 41.63%.
According to other recent developments, on October 17, Michael David Cassens, who serves as a director of First Busey, sold 2,300 shares of the company’s stock. The average selling price of the stock was determined to be $24.23 per share, and the total number of shares sold was $55,729.00. Because of the successful completion of the transaction, the director now owns 173,788 company shares worth $4,210,883.24 in total. Additional information regarding the transaction can be found in a document sent to the SEC and is now available online. Corporate insiders were responsible for selling 6,900 company stock during the most recent three months, which resulted in total revenue of $174,202. Individuals employed by the company collectively hold 7.40% of the company’s total shares.
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