Rep. Jefferson Shreve Sells First Busey Co. (NASDAQ:BUSE) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of First Busey Co. (NASDAQ:BUSE). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in First Busey stock on April 17th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

First Busey Price Performance

BUSE stock opened at $21.81 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 11.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. First Busey Co. has a 52-week low of $18.40 and a 52-week high of $28.97. The company has a fifty day moving average price of $21.13 and a 200-day moving average price of $23.53.

First Busey (NASDAQ:BUSE) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $140.72 million during the quarter, compared to analyst estimates of $140.15 million. First Busey had a net margin of 17.14% and a return on equity of 8.94%. As a group, equities analysts expect that First Busey Co. will post 2.61 EPS for the current year.

First Busey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Thursday, April 17th. First Busey’s dividend payout ratio is currently 93.46%.

Insider Activity

In other First Busey news, Director Stanley J. Bradshaw purchased 1,838 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $23.75 per share, for a total transaction of $43,652.50. Following the purchase, the director now directly owns 437,481 shares in the company, valued at $10,390,173.75. The trade was a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On First Busey

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in First Busey by 52.2% in the 1st quarter. Vanguard Group Inc. now owns 4,706,925 shares of the bank’s stock worth $101,670,000 after acquiring an additional 1,613,848 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Busey by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,500,343 shares of the bank’s stock worth $82,503,000 after buying an additional 110,895 shares during the period. LSV Asset Management raised its stake in shares of First Busey by 7.7% during the first quarter. LSV Asset Management now owns 1,309,057 shares of the bank’s stock valued at $28,276,000 after acquiring an additional 93,600 shares during the last quarter. American Century Companies Inc. raised its position in First Busey by 5.5% during the 4th quarter. American Century Companies Inc. now owns 1,122,896 shares of the bank’s stock valued at $26,467,000 after purchasing an additional 58,982 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of First Busey by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 937,591 shares of the bank’s stock valued at $20,252,000 after acquiring an additional 230,268 shares in the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

Wall Street Analyst Weigh In

BUSE has been the topic of a number of research analyst reports. DA Davidson restated a “neutral” rating and set a $25.00 price target on shares of First Busey in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $33.00 price objective (down from $34.00) on shares of First Busey in a report on Thursday, January 30th. Raymond James cut their target price on First Busey from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com lowered shares of First Busey from a “hold” rating to a “sell” rating in a research report on Friday, April 25th. Finally, Piper Sandler decreased their target price on First Busey from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.80.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.