First Busey Corporation (NASDAQ:BUSE) Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC decreased its stake in shares of First Busey Corporation (NASDAQ:BUSE - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 367,110 shares of the bank's stock after selling 20,000 shares during the period. Osborne Partners Capital Management LLC owned 0.64% of First Busey worth $7,930,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its position in First Busey by 121.0% during the fourth quarter. Millennium Management LLC now owns 565,001 shares of the bank's stock worth $13,317,000 after buying an additional 309,301 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Busey by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 671,402 shares of the bank's stock worth $15,825,000 after buying an additional 189,115 shares in the last quarter. Swiss National Bank increased its position in First Busey by 0.9% during the fourth quarter. Swiss National Bank now owns 111,799 shares of the bank's stock worth $2,635,000 after buying an additional 1,000 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of First Busey by 65.4% in the fourth quarter. Two Sigma Advisers LP now owns 114,808 shares of the bank's stock valued at $2,706,000 after purchasing an additional 45,400 shares during the period. Finally, Deutsche Bank AG grew its position in shares of First Busey by 58.4% in the fourth quarter. Deutsche Bank AG now owns 45,976 shares of the bank's stock valued at $1,084,000 after purchasing an additional 16,954 shares during the period. Hedge funds and other institutional investors own 56.49% of the company's stock.

First Busey Trading Up 2.7%

First Busey stock traded up $0.60 during midday trading on Monday, reaching $22.96. The stock had a trading volume of 465,898 shares, compared to its average volume of 391,823. First Busey Corporation has a twelve month low of $18.40 and a twelve month high of $28.97. The stock has a market capitalization of $2.05 billion, a PE ratio of 21.46 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.90. The stock's 50-day simple moving average is $21.83 and its 200 day simple moving average is $22.68.

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, beating analysts' consensus estimates of $0.53 by $0.04. First Busey had a return on equity of 8.46% and a net margin of 8.32%. The firm had revenue of $140.72 million for the quarter, compared to analysts' expectations of $140.15 million. Analysts expect that First Busey Corporation will post 2.61 EPS for the current year.

First Busey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, April 17th. First Busey's payout ratio is currently 93.46%.

Insider Activity at First Busey

In related news, Director Steven W. Caple acquired 1,175 shares of First Busey stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $21.60 per share, for a total transaction of $25,380.00. Following the completion of the purchase, the director now directly owns 4,509 shares in the company, valued at $97,394.40. This trade represents a 35.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karen M. Jensen acquired 4,000 shares of First Busey stock in a transaction on Friday, May 30th. The shares were bought at an average price of $22.00 per share, for a total transaction of $88,000.00. Following the purchase, the director now owns 76,068 shares of the company's stock, valued at $1,673,496. This represents a 5.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 13,125 shares of company stock worth $286,148. 3.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BUSE has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $25.00 price objective on shares of First Busey in a research report on Tuesday, February 25th. Raymond James Financial lowered their price objective on First Busey from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Wall Street Zen raised First Busey from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Stephens reaffirmed an "equal weight" rating and issued a $26.00 price objective on shares of First Busey in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Busey currently has a consensus rating of "Moderate Buy" and an average price target of $27.80.

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.