Los Angeles Capital Management & Equity Research Inc. decreased its position in shares of First Busey Corp. (NASDAQ:BUSE) by 29.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,750 shares of the company’s stock after selling 13,911 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.09% of First Busey Corp. worth $701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services Inc boosted its position in shares of First Busey Corp. by 0.4% in the first quarter. Commonwealth Equity Services Inc now owns 18,671 shares of the company’s stock worth $382,000 after buying an additional 76 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of First Busey Corp. by 3.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,290 shares of the company’s stock worth $375,000 after buying an additional 665 shares in the last quarter. Barclays PLC boosted its position in shares of First Busey Corp. by 4.7% in the first quarter. Barclays PLC now owns 15,552 shares of the company’s stock worth $311,000 after buying an additional 704 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of First Busey Corp. by 3.5% in the first quarter. Prudential Financial Inc. now owns 40,319 shares of the company’s stock worth $826,000 after buying an additional 1,364 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of First Busey Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 187,749 shares of the company’s stock worth $3,845,000 after buying an additional 2,520 shares in the last quarter. Hedge funds and other institutional investors own 46.21% of the company’s stock.

Shares of First Busey Corp. (NASDAQ:BUSE) traded down 0.13% during mid-day trading on Wednesday, hitting $23.00. 58,599 shares of the stock were exchanged. First Busey Corp. has a 12-month low of $17.68 and a 12-month high of $24.02. The stock’s 50 day moving average price is $23.38 and its 200-day moving average price is $21.71. The stock has a market capitalization of $878.69 million, a P/E ratio of 15.98 and a beta of 0.97.

First Busey Corp. (NASDAQ:BUSE) last released its earnings results on Thursday, July 28th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. First Busey Corp. had a net margin of 22.23% and a return on equity of 10.66%. On average, equities research analysts expect that First Busey Corp. will post $1.52 EPS for the current fiscal year.

A number of research analysts have weighed in on BUSE shares. Zacks Investment Research raised shares of First Busey Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, August 2nd. Keefe, Bruyette & Woods lifted their price target on shares of First Busey Corp. from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.83.

In other news, Director Stanley J. Bradshaw bought 1,603 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of $22.97 per share, with a total value of $36,820.91. Following the transaction, the director now owns 1,250 shares of the company’s stock, valued at approximately $28,712.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 11.50% of the company’s stock.

About First Busey Corp.

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 at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management.

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