Blair William & Co. IL Buys New Holdings in First Busey Co. (BUSE)

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Blair William & Co. IL bought a new stake in First Busey Co. (NASDAQ:BUSE) during the third quarter, HoldingsChannel.com reports. The fund bought 43,645 shares of the bank’s stock, valued at approximately $1,355,000.

A number of other institutional investors have also recently modified their holdings of BUSE. Deprince Race & Zollo Inc. boosted its holdings in First Busey by 401.9% in the third quarter. Deprince Race & Zollo Inc. now owns 940,676 shares of the bank’s stock valued at $29,208,000 after acquiring an additional 753,254 shares during the last quarter. BlackRock Inc. boosted its holdings in First Busey by 10.5% in the second quarter. BlackRock Inc. now owns 2,812,785 shares of the bank’s stock valued at $89,220,000 after acquiring an additional 268,011 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in First Busey by 385.1% in the third quarter. Russell Investments Group Ltd. now owns 316,572 shares of the bank’s stock valued at $9,828,000 after acquiring an additional 251,308 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Busey by 8.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,181,587 shares of the bank’s stock valued at $67,738,000 after acquiring an additional 167,545 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in First Busey by 26.6% in the second quarter. United Services Automobile Association now owns 461,927 shares of the bank’s stock valued at $14,652,000 after acquiring an additional 96,930 shares during the last quarter. Hedge funds and other institutional investors own 51.10% of the company’s stock.

NASDAQ:BUSE opened at $26.63 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 0.87. First Busey Co. has a 12 month low of $25.61 and a 12 month high of $33.25. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 2.12 and a beta of 1.00.

First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. First Busey had a return on equity of 10.29% and a net margin of 23.02%. The company had revenue of $82.63 million for the quarter, compared to analyst estimates of $85.16 million. Equities research analysts anticipate that First Busey Co. will post 2.12 EPS for the current fiscal year.

A number of research analysts recently weighed in on BUSE shares. BidaskClub cut First Busey from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Zacks Investment Research cut First Busey from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. B. Riley set a $36.00 target price on First Busey and gave the company a “buy” rating in a report on Monday, October 15th. Finally, ValuEngine cut First Busey from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.67.

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First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.

See Also: Float

Want to see what other hedge funds are holding BUSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Busey Co. (NASDAQ:BUSE).

Institutional Ownership by Quarter for First Busey (NASDAQ:BUSE)

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