Busey Financial Corporation (NASDAQ:BUSEP) Sees Significant Decline in Short Interest

Busey Financial Corporation (NASDAQ:BUSEP) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,325 shares, a decrease of 76.0% from the September 15th total of 9,680 shares. Based on an average daily volume of 13,120 shares, the days-to-cover ratio is presently 0.2 days.

Busey Financial Trading Down 0.4%

Shares of NASDAQ BUSEP traded down $0.09 during mid-day trading on Tuesday, reaching $25.15. 12,778 shares of the company’s stock were exchanged, compared to its average volume of 16,452. Busey Financial has a 52 week low of $25.03 and a 52 week high of $26.65. The firm has a 50-day moving average price of $25.78 and a two-hundred day moving average price of $25.77.

Busey Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.5156 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.06 annualized dividend and a yield of 8.2%.

Busey Financial is a financial services organization associated with Busey Bank and the broader Busey banking franchise. Its principal activities include commercial and consumer banking, wealth management, mortgage lending and payment technology services. The organization serves individuals, families, businesses and institutions through a range of deposit, lending, investment and treasury-management products.

Busey Bank provides checking and savings accounts, certificates of deposit, residential and commercial real estate loans, business financing, agricultural lending, personal loans and online banking services.