First Busey Co. (NASDAQ:BUSE) EVP John Joseph Powers Buys 1,005 Shares

First Busey Co. (NASDAQ:BUSE) EVP John Joseph Powers acquired 1,005 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $20.44 per share, with a total value of $20,542.20. Following the completion of the acquisition, the executive vice president now owns 15,276 shares in the company, valued at approximately $312,241.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Busey Stock Up 2.5 %

Shares of NASDAQ:BUSE opened at $22.89 on Thursday. The firm has a fifty day moving average price of $23.01 and a two-hundred day moving average price of $22.76. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 11.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.79 and a quick ratio of 0.79. First Busey Co. has a one year low of $16.26 and a one year high of $25.80.

First Busey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, April 18th. First Busey’s payout ratio is 48.48%.

Institutional Trading of First Busey

Several institutional investors and hedge funds have recently modified their holdings of the business. Osborne Partners Capital Management LLC purchased a new position in shares of First Busey during the fourth quarter worth about $11,053,000. Cozad Asset Management Inc. grew its stake in First Busey by 565.7% in the 4th quarter. Cozad Asset Management Inc. now owns 402,097 shares of the bank’s stock worth $9,980,000 after buying an additional 341,692 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of First Busey by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 605,177 shares of the bank’s stock worth $11,632,000 after buying an additional 34,034 shares during the last quarter. Plancorp LLC raised its position in shares of First Busey by 742.9% during the 3rd quarter. Plancorp LLC now owns 1,320,225 shares of the bank’s stock valued at $25,375,000 after buying an additional 1,163,596 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of First Busey by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,886,341 shares of the bank’s stock worth $55,475,000 after acquiring an additional 26,829 shares during the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BUSE. Stephens restated an “overweight” rating and set a $28.00 target price 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 report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.