10,375 Shares in First Busey Corporation $BUSE Acquired by Savant Capital LLC

Savant Capital LLC bought a new stake in shares of First Busey Corporation (NASDAQ:BUSE) during the 2nd quarter, Holdings Channel.com reports. The fund bought 10,375 shares of the bank’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp grew its stake in First Busey by 42.9% in the first quarter. Northern Trust Corp now owns 918,177 shares of the bank’s stock valued at $19,833,000 after purchasing an additional 275,780 shares during the last quarter. Deutsche Bank AG lifted its position in shares of First Busey by 52.9% during the first quarter. Deutsche Bank AG now owns 70,283 shares of the bank’s stock valued at $1,518,000 after buying an additional 24,307 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Busey by 32.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 937,591 shares of the bank’s stock valued at $20,252,000 after buying an additional 230,268 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of First Busey in the 1st quarter worth approximately $246,000. Finally, Jump Financial LLC raised its stake in shares of First Busey by 47.2% during the 1st quarter. Jump Financial LLC now owns 45,790 shares of the bank’s stock worth $989,000 after acquiring an additional 14,686 shares in the last quarter. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BUSE. Raymond James Financial restated an “outperform” rating and issued a $26.00 target price (down from $28.00) on shares of First Busey in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Busey in a report on Tuesday, November 11th. DA Davidson raised their price objective on First Busey from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Piper Sandler reduced their target price on First Busey from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Keefe, Bruyette & Woods decreased their price target on First Busey from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Busey currently has a consensus rating of “Hold” and a consensus target price of $26.33.

First Busey Stock Performance

Shares of BUSE stock opened at $22.50 on Thursday. The business has a fifty day moving average of $23.33 and a 200 day moving average of $23.21. First Busey Corporation has a 1 year low of $18.40 and a 1 year high of $28.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83.

First Busey (NASDAQ:BUSE) last announced its quarterly earnings data on Friday, May 20th. The bank reported $0.69 earnings per share for the quarter. First Busey had a return on equity of 9.56% and a net margin of 11.00%.The business had revenue of $63.34 million for the quarter. As a group, research analysts expect that First Busey Corporation will post 2.61 earnings per share for the current year.

First Busey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. First Busey’s dividend payout ratio (DPR) is currently 86.96%.

Insider Activity at First Busey

In other First Busey news, Director Karen M. Jensen acquired 3,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was acquired at an average cost of $24.60 per share, for a total transaction of $73,800.00. Following the purchase, the director owned 86,798 shares in the company, valued at approximately $2,135,230.80. The trade was a 3.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott A. Phillips acquired 1,350 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average price of $25.64 per share, for a total transaction of $34,614.00. Following the purchase, the chief accounting officer directly owned 2,350 shares of the company’s stock, valued at approximately $60,254. This trade represents a 135.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.85% of the company’s stock.

First Busey 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.