Jump Financial LLC Purchases 16,604 Shares of First Busey Co. (NASDAQ:BUSE)

Jump Financial LLC increased its holdings in shares of First Busey Co. (NASDAQ:BUSE - Free Report) by 114.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,104 shares of the bank's stock after acquiring an additional 16,604 shares during the quarter. Jump Financial LLC owned approximately 0.05% of First Busey worth $733,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in First Busey by 1,173.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,439 shares of the bank's stock valued at $34,000 after acquiring an additional 1,326 shares during the period. R Squared Ltd bought a new position in First Busey during the fourth quarter worth about $35,000. Meeder Asset Management Inc. boosted its position in First Busey by 161.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock worth $40,000 after purchasing an additional 1,047 shares during the period. Sterling Capital Management LLC boosted its position in First Busey by 822.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank's stock worth $40,000 after purchasing an additional 1,522 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in First Busey during the fourth quarter worth about $245,000. 56.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BUSE. Piper Sandler cut their target price on shares of First Busey from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. DA Davidson reiterated a "neutral" rating and set a $25.00 target price on shares of First Busey in a research report on Tuesday, February 25th. StockNews.com lowered shares of First Busey from a "hold" rating to a "sell" rating in a research report on Friday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $33.00 price target (down from $34.00) on shares of First Busey in a report on Thursday, January 30th. Finally, Raymond James lowered their price target on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.80.

Insider Activity at First Busey

In other First Busey news, Director Stanley J. Bradshaw purchased 1,838 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $23.75 per share, with a total value of $43,652.50. Following the completion of the purchase, the director now owns 437,481 shares of the company's stock, valued at $10,390,173.75. The trade was a 0.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.10% of the stock is currently owned by insiders.

First Busey Price Performance

BUSE traded up $0.27 on Monday, reaching $20.94. The company had a trading volume of 303,775 shares, compared to its average volume of 339,376. The business has a 50 day simple moving average of $21.57 and a 200 day simple moving average of $23.76. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 10.63 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.

First Busey (NASDAQ:BUSE - Get Free Report) last announced 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. The business had revenue of $140.72 million for the quarter, compared to the consensus estimate of $140.15 million. First Busey had a net margin of 17.14% and a return on equity of 8.94%. As a group, sell-side analysts anticipate that First Busey Co. will post 2.61 EPS for the current year.

First Busey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Thursday, April 17th. First Busey's dividend payout ratio is currently 93.46%.

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.