First Busey Co. (NASDAQ:BUSE) Director Purchases $22,000.00 in Stock

First Busey Co. (NASDAQ:BUSE - Get Free Report) Director Stanley J. Bradshaw bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $22.00 per share, with a total value of $22,000.00. Following the completion of the transaction, the director now directly owns 490,769 shares of the company's stock, valued at $10,796,918. This represents a 0.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Busey Trading Up 3.3%

Shares of First Busey stock traded up $0.72 on Tuesday, hitting $22.69. The stock had a trading volume of 655,005 shares, compared to its average volume of 369,219. 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 one year low of $18.40 and a one year high of $28.97. The stock's 50-day simple moving average is $21.16 and its two-hundred day simple moving average is $23.13. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 11.52 and a beta of 0.75.

First Busey (NASDAQ:BUSE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. First Busey had a net margin of 17.14% and a return on equity of 8.94%. The business had revenue of $140.72 million for the quarter, compared to analyst estimates of $140.15 million. As a group, sell-side analysts predict 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. Stockholders of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Thursday, April 17th. First Busey's payout ratio is 93.46%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of 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 during the period. Vanguard Group Inc. grew its holdings in First Busey by 52.2% in the first quarter. Vanguard Group Inc. now owns 4,706,925 shares of the bank's stock worth $101,670,000 after purchasing an additional 1,613,848 shares during the period. American Century Companies Inc. grew its holdings in First Busey by 54.2% in the first quarter. American Century Companies Inc. now owns 1,731,366 shares of the bank's stock worth $37,398,000 after purchasing an additional 608,470 shares during the period. LSV Asset Management increased its stake in shares of First Busey by 7.7% during the first quarter. LSV Asset Management now owns 1,309,057 shares of the bank's stock valued at $28,276,000 after purchasing an additional 93,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of First Busey by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 937,591 shares of the bank's stock valued at $20,252,000 after purchasing an additional 230,268 shares during the last quarter. Institutional investors own 56.49% of the company's stock.

Wall Street Analyst Weigh In

BUSE has been the subject of several research reports. Wall Street Zen raised First Busey from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson reaffirmed a "neutral" rating and set a $25.00 target price on shares of First Busey in a report on Tuesday, February 25th. Stephens reissued an "equal weight" rating and issued a $26.00 price target on shares of First Busey in a research note on Wednesday, April 23rd. Finally, Raymond James cut 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 report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.