Deutsche Bank AG Raises Position in First Busey Co. (NASDAQ:BUSE)

Deutsche Bank AG grew its position in First Busey Co. (NASDAQ:BUSE - Free Report) by 58.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,976 shares of the bank's stock after buying an additional 16,954 shares during the quarter. Deutsche Bank AG owned 0.08% of First Busey worth $1,084,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of First Busey by 3.3% during 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 last quarter. American Century Companies Inc. boosted its holdings in shares of 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 acquiring an additional 58,982 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in First Busey by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 707,323 shares of the bank's stock worth $16,672,000 after acquiring an additional 12,879 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Busey by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 671,402 shares of the bank's stock worth $15,825,000 after acquiring an additional 189,115 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in First Busey by 6.0% in the 4th quarter. Northern Trust Corp now owns 642,397 shares of the bank's stock worth $15,141,000 after purchasing an additional 36,531 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BUSE shares. DA Davidson reissued a "neutral" rating and set a $25.00 price target on shares of First Busey in a research note on Tuesday, February 25th. Stephens reiterated an "equal weight" rating and set a $26.00 target price on shares of First Busey in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of First Busey from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James dropped their price target on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of First Busey in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.80.

First Busey Stock Down 0.1%

NASDAQ:BUSE traded down $0.02 on Friday, hitting $22.23. The stock had a trading volume of 33,658 shares, compared to its average volume of 363,235. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. First Busey Co. has a 52 week low of $18.40 and a 52 week high of $28.97. The business's fifty day moving average is $21.16 and its 200 day moving average is $23.25. The company has a market cap of $1.99 billion, a PE ratio of 11.28 and a beta of 0.75.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. First Busey had a return on equity of 8.94% and a net margin of 17.14%. The company had revenue of $140.72 million for the quarter, compared to analyst estimates of $140.15 million. On average, equities research analysts expect that First Busey Co. will post 2.61 EPS for the current fiscal year.

First Busey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Thursday, April 17th. First Busey's payout ratio is presently 93.46%.

Insider Buying and Selling

In other news, Director Steven W. Caple acquired 1,175 shares of First Busey stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $21.60 per share, with a total value of $25,380.00. Following the transaction, the director now owns 4,509 shares of the company's stock, valued at approximately $97,394.40. This trade represents a 35.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen M. Jensen bought 5,500 shares of First Busey stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $21.70 per share, with a total value of $119,350.00. Following the completion of the acquisition, the director now owns 72,068 shares of the company's stock, valued at $1,563,875.60. This represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 9,375 shares of company stock worth $203,250 in the last quarter. Insiders own 7.10% of the company's stock.

About First Busey

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.