Busey Financial Corporation (NASDAQ:BUSEP) Sees Significant Decrease in Short Interest

Busey Financial Corporation (NASDAQ:BUSEP) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 18,647 shares, a decrease of 35.0% from the January 15th total of 28,668 shares. Based on an average daily trading volume, of 13,198 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 13,198 shares, the short-interest ratio is currently 1.4 days.

Busey Financial Stock Down 1.6%

BUSEP traded down $0.41 on Friday, hitting $25.75. 21,152 shares of the stock traded hands, compared to its average volume of 22,988. Busey Financial has a 52 week low of $24.70 and a 52 week high of $26.65. The business has a fifty day moving average of $26.01.

Busey Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, February 13th.

Busey Financial Corporation (NASDAQ: BUSEP) is a diversified financial services holding company headquartered in Champaign, Illinois. It operates primarily through its banking subsidiary, Busey Bank, offering a range of financial solutions to consumer, business and institutional clients. The company focuses on community-driven banking with local decision-making and personalized service models.

The company’s main business activities include commercial lending, consumer deposit accounts, treasury and cash management services, and mortgage origination.