Busey Financial Corporation (NASDAQ:BUSEP) Short Interest Down 44.1% in March

Busey Financial Corporation (NASDAQ:BUSEP) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 11,524 shares, a decline of 44.1% from the February 26th total of 20,597 shares. Based on an average daily volume of 13,489 shares, the days-to-cover ratio is presently 0.9 days.

Busey Financial Stock Down 0.2%

Shares of BUSEP traded down $0.06 during midday trading on Friday, hitting $25.55. 5,677 shares of the company traded hands, compared to its average volume of 21,459. The firm has a 50 day moving average of $25.99 and a 200-day moving average of $25.76. Busey Financial has a 52 week low of $24.70 and a 52 week high of $26.65.

Busey Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Friday, February 13th.

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.