Short Interest in Busey Financial Corporation (NASDAQ:BUSEP) Declines By 83.1%

Busey Financial Corporation (NASDAQ:BUSEP) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,337 shares, a decline of 83.1% from the July 30th total of 31,520 shares. Based on an average daily trading volume, of 15,627 shares, the short-interest ratio is presently 0.3 days.

Busey Financial Stock Performance

Shares of BUSEP stock opened at $26.12 on Wednesday. The stock’s fifty day moving average price is $25.91 and its 200 day moving average price is $25.82. Busey Financial has a 1-year low of $25.15 and a 1-year high of $26.65.

Busey Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.5156 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.9%.

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.