Busey Financial Corporation (NASDAQ:BUSEP) Stock Short Interest Rises 92.6%

Busey Financial Corporation (NASDAQ:BUSEP) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,477 shares, an increase of 92.6% from the September 30th total of 2,325 shares. Based on an average daily volume of 10,287 shares, the days-to-cover ratio is presently 0.4 days.

Busey Financial Stock Down 0.1%

Shares of BUSEP stock traded down $0.02 on Monday, reaching $25.35. 22,339 shares of the company were exchanged, compared to its average volume of 15,864. Busey Financial has a 1 year low of $25.01 and a 1 year high of $26.65. The business has a 50-day moving average price of $25.60 and a 200 day moving average price of $25.80.

Busey Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%.

Busey Financial is a financial services company associated with First Busey Corporation and its principal banking subsidiary, Busey Bank. The company provides a broad range of banking services to individuals, families, businesses, agricultural customers and institutions.

Busey Bank’s offerings include checking and savings accounts, consumer and commercial lending, agricultural loans, mortgages, treasury management and digital banking services. Through affiliated businesses, Busey also provides wealth management, trust and investment services, as well as insurance products.

With roots dating to the 19th century, Busey serves customers primarily in Illinois, Missouri and Florida through banking offices and digital channels.