Busey Financial Corporation (NASDAQ:BUSEP) Sees Large Increase in Short Interest

by · The Cerbat Gem

Busey Financial Corporation (NASDAQ:BUSEP – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 12,748 shares, an increase of 24.9% from the November 30th total of 10,203 shares. Based on an average daily volume of 18,790 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 18,790 shares, the short-interest ratio is currently 0.7 days.

Busey Financial Trading Down 0.2%

NASDAQ:BUSEP traded down $0.04 during trading hours on Wednesday, hitting $25.90. 1,162 shares of the stock were exchanged, compared to its average volume of 51,386. The business’s fifty day simple moving average is $25.62. Busey Financial has a 52-week low of $24.70 and a 52-week high of $26.13.

Busey Financial (NASDAQ:BUSEP – Get Free Report) last released its earnings results on Tuesday, January 25th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $103.44 million during the quarter.

Busey Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.0%.

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.

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