Los Angeles Capital Management & Equity Research Inc. Sells 2,180 Shares of First Busey Corporation (BUSE)

Los Angeles Capital Management & Equity Research Inc. trimmed its position in First Busey Corporation (NASDAQ:BUSE) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 31,095 shares of the bank’s stock after selling 2,180 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.08% of First Busey Corporation worth $912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Swiss National Bank boosted its position in First Busey Corporation by 27.6% in the 2nd quarter. Swiss National Bank now owns 64,199 shares of the bank’s stock valued at $1,882,000 after buying an additional 13,900 shares during the last quarter. Principal Financial Group Inc. boosted its position in First Busey Corporation by 31.2% in the 2nd quarter. Principal Financial Group Inc. now owns 411,150 shares of the bank’s stock valued at $12,055,000 after buying an additional 97,816 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in First Busey Corporation in the 2nd quarter valued at $208,000. Victory Capital Management Inc. boosted its position in First Busey Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,608 shares of the bank’s stock valued at $223,000 after buying an additional 1,139 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its position in First Busey Corporation by 569.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 78,664 shares of the bank’s stock valued at $2,281,000 after buying an additional 66,913 shares during the last quarter. Hedge funds and other institutional investors own 45.58% of the company’s stock.

In other First Busey Corporation news, insider Curt A. Anderson sold 1,400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $29.40, for a total transaction of $41,160.00. Following the sale, the insider now owns 43,482 shares of the company’s stock, valued at $1,278,370.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.60% of the company’s stock.

BUSE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 price objective on shares of First Busey Corporation in a research report on Friday, May 26th. ValuEngine upgraded First Busey Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded First Busey Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded First Busey Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Finally, Piper Jaffray Companies set a $32.00 price objective on First Busey Corporation and gave the company a “hold” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. First Busey Corporation presently has an average rating of “Hold” and a consensus target price of $32.00.

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First Busey Corporation (BUSE) opened at 29.81 on Thursday. The firm has a market cap of $1.35 billion, a P/E ratio of 19.72 and a beta of 0.99. The stock has a 50 day moving average price of $28.92 and a 200-day moving average price of $29.28. First Busey Corporation has a 1-year low of $21.80 and a 1-year high of $32.22.

First Busey Corporation (NASDAQ:BUSE) last posted its earnings results on Tuesday, July 25th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $63.40 million. First Busey Corporation had a net margin of 22.04% and a return on equity of 10.59%. Equities research analysts forecast that First Busey Corporation will post $1.74 EPS for the current year.

First Busey Corporation Profile

First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.

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

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