First Busey Co. (NASDAQ:BUSE) Insider Amy L. Randolph Buys 595 Shares

First Busey Co. (NASDAQ:BUSE) insider Amy L. Randolph bought 595 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of $20.44 per share, with a total value of $12,161.80. Following the purchase, the insider now owns 4,726 shares of the company’s stock, valued at $96,599.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Busey Trading Down 1.0 %

BUSE opened at $22.34 on Wednesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.28 and a beta of 0.85. First Busey Co. has a 52 week low of $16.26 and a 52 week high of $25.80. The business’s 50 day moving average is $23.01 and its two-hundred day moving average is $22.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.25.

First Busey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Thursday, April 18th. First Busey’s payout ratio is currently 48.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osborne Partners Capital Management LLC acquired a new position in shares of First Busey in the fourth quarter valued at approximately $11,053,000. Charles Schwab Investment Management Inc. increased its holdings in shares of First Busey by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 605,177 shares of the bank’s stock valued at $11,632,000 after purchasing an additional 34,034 shares during the period. Plancorp LLC increased its holdings in shares of First Busey by 742.9% in the third quarter. Plancorp LLC now owns 1,320,225 shares of the bank’s stock valued at $25,375,000 after purchasing an additional 1,163,596 shares during the period. Cozad Asset Management Inc. increased its holdings in shares of First Busey by 565.7% in the fourth quarter. Cozad Asset Management Inc. now owns 402,097 shares of the bank’s stock valued at $9,980,000 after purchasing an additional 341,692 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of First Busey by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,886,341 shares of the bank’s stock valued at $55,475,000 after purchasing an additional 26,829 shares during the period. Institutional investors and hedge funds own 56.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BUSE. Stephens reaffirmed an “overweight” rating and set a $28.00 price target on shares of First Busey in a research report on Wednesday, April 24th. StockNews.com raised First Busey from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.75.

First Busey Company Profile

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech.