Metropolitan Life Insurance Co. NY raised its stake in First Busey Co. (NASDAQ:BUSE) by 324.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,321 shares of the bank’s stock after purchasing an additional 10,181 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in First Busey were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BUSE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Busey by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,945 shares of the bank’s stock valued at $72,000 after buying an additional 712 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of First Busey by 137.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,636 shares of the bank’s stock valued at $110,000 after buying an additional 2,686 shares during the period. Bank of Montreal Can increased its stake in shares of First Busey by 80.6% during the fourth quarter. Bank of Montreal Can now owns 7,011 shares of the bank’s stock valued at $172,000 after buying an additional 3,129 shares during the period. Citigroup Inc. increased its stake in shares of First Busey by 166.5% during the fourth quarter. Citigroup Inc. now owns 9,248 shares of the bank’s stock valued at $227,000 after buying an additional 5,778 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of First Busey during the third quarter valued at approximately $249,000. Hedge funds and other institutional investors own 44.52% of the company’s stock.

Several research firms have recently issued reports on BUSE. Zacks Investment Research raised First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. BidaskClub raised First Busey from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.75.

BUSE opened at $25.07 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.90. First Busey Co. has a 52-week low of $23.13 and a 52-week high of $33.25. The company has a market cap of $1.41 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01.

First Busey (NASDAQ:BUSE) last posted its earnings results on Tuesday, January 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The business had revenue of $83.36 million for the quarter, compared to analysts’ expectations of $84.54 million. First Busey had a net margin of 26.31% and a return on equity of 10.70%. As a group, equities analysts anticipate that First Busey Co. will post 2.25 EPS for the current year.

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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.

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

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