First Busey Co. (NASDAQ:BUSE) Director Sells $54,763.00 in Stock

First Busey Co. (NASDAQ:BUSEGet Free Report) Director Michael David Cassens sold 2,300 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $23.81, for a total value of $54,763.00. Following the completion of the transaction, the director now directly owns 137,695 shares in the company, valued at $3,278,517.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael David Cassens also recently made the following trade(s):

  • On Monday, April 15th, Michael David Cassens sold 2,300 shares of First Busey stock. The stock was sold at an average price of $22.36, for a total value of $51,428.00.
  • On Friday, March 15th, Michael David Cassens sold 2,300 shares of First Busey stock. The shares were sold at an average price of $22.96, for a total transaction of $52,808.00.

First Busey Price Performance

Shares of NASDAQ:BUSE opened at $24.01 on Friday. The stock’s 50 day moving average is $23.12 and its 200-day moving average is $23.13. First Busey Co. has a twelve month low of $17.51 and a twelve month high of $25.80. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.13 and a beta of 0.85.

First Busey (NASDAQ:BUSEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $110.77 million for the quarter, compared to analyst estimates of $109.06 million. First Busey had a return on equity of 9.37% and a net margin of 18.08%. Sell-side analysts forecast that First Busey Co. will post 2.14 EPS for the current fiscal year.

First Busey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.96 dividend on an annualized basis and a yield of 4.00%. First Busey’s dividend payout ratio (DPR) is currently 48.48%.

Institutional Trading of First Busey

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of First Busey by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,278,444 shares of the bank’s stock valued at $81,372,000 after buying an additional 55,224 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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. Wellington Management Group LLP boosted its holdings in First Busey by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 1,552,667 shares of the bank’s stock worth $38,537,000 after acquiring an additional 57,392 shares during the last quarter. LSV Asset Management grew its stake in shares of First Busey by 5.7% in the 1st quarter. LSV Asset Management now owns 1,359,080 shares of the bank’s stock worth $32,686,000 after acquiring an additional 72,800 shares in the last quarter. Finally, Plancorp LLC raised 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 last quarter. 56.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BUSE. StockNews.com raised shares of First Busey from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Stephens reissued an “overweight” rating and set a $28.00 price objective on shares of First Busey in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, First Busey presently has an average rating of “Moderate Buy” and an average target price of $25.75.

Check Out Our Latest Stock Report on BUSE

First Busey Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for First Busey (NASDAQ:BUSE)

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