First Busey (NASDAQ:BUSE) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of First Busey Corporation NASDAQ: BUSE. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in First Busey stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

First Busey Stock Down 0.5%

BUSE stock traded down $0.11 during mid-day trading on Friday, hitting $23.22. 648,725 shares of the company were exchanged, compared to its average volume of 615,084. The firm has a fifty day simple moving average of $23.08 and a 200 day simple moving average of $22.58. The company has a market capitalization of $2.08 billion, a PE ratio of 20.73 and a beta of 0.77. First Busey Corporation has a twelve month low of $18.40 and a twelve month high of $28.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $192.05 million for the quarter, compared to analysts' expectations of $193.91 million. First Busey had a net margin of 9.48% and a return on equity of 9.76%. On average, research analysts forecast that First Busey Corporation will post 2.61 earnings per share for the current fiscal year.

First Busey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.31%. First Busey's dividend payout ratio (DPR) is 89.29%.

Analyst Ratings Changes

A number of research firms have commented on BUSE. Keefe, Bruyette & Woods reduced their target price on First Busey from $30.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday. Wall Street Zen upgraded First Busey from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson boosted their target price on shares of First Busey from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday. Piper Sandler assumed coverage on shares of First Busey in a report on Tuesday, July 1st. They set an "overweight" rating and a $30.00 target price on the stock. Finally, Stephens reaffirmed an "equal weight" rating and issued a $26.00 price target on shares of First Busey in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, First Busey currently has an average rating of "Hold" and a consensus target price of $27.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of First Busey by 52.2% in the first quarter. Vanguard Group Inc. now owns 4,706,925 shares of the bank's stock valued at $101,670,000 after purchasing an additional 1,613,848 shares during the period. Dimensional Fund Advisors LP grew its holdings in First Busey by 45.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,096,605 shares of the bank's stock worth $110,086,000 after buying an additional 1,596,262 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in First Busey in the 1st quarter worth approximately $19,861,000. Hotchkis & Wiley Capital Management LLC increased its position in First Busey by 648.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 918,907 shares of the bank's stock valued at $19,848,000 after acquiring an additional 796,197 shares during the period. Finally, Nuveen LLC bought a new stake in First Busey during the 1st quarter valued at $16,837,000. 56.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Karen M. Jensen bought 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $21.70 per share, for a total transaction of $119,350.00. Following the transaction, the director directly owned 72,068 shares of the company's stock, valued at approximately $1,563,875.60. This represents a 8.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven W. Caple bought 1,175 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $21.60 per share, for a total transaction of $25,380.00. Following the purchase, the director owned 4,509 shares in the company, valued at $97,394.40. This trade represents a 35.24% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,125 shares of company stock valued at $286,148 in the last quarter. 3.85% of the stock is currently owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.