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

Representative Jefferson Shreve (R-Indiana) recently sold shares of First Busey Co. NASDAQ: BUSE. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in First Busey stock on April 17th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

First Busey Stock Performance

NASDAQ BUSE traded up $0.09 during trading on Tuesday, hitting $22.52. 385,933 shares of the company's stock traded hands, compared to its average volume of 349,952. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.43 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. The business has a 50 day moving average of $21.12 and a 200-day moving average of $23.50. First Busey Co. has a 12-month low of $18.40 and a 12-month high of $28.97.

First Busey (NASDAQ:BUSE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.57 EPS 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 firm had revenue of $140.72 million during the quarter, compared to analyst estimates of $140.15 million. As a group, equities research analysts anticipate that First Busey Co. will post 2.61 earnings per share for the current fiscal year.

First Busey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 18th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.44%. First Busey's payout ratio is 93.46%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on First Busey from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $33.00 price target (down from $34.00) on shares of First Busey in a report on Thursday, January 30th. Stephens reaffirmed an "equal weight" rating and set a $26.00 price target on shares of First Busey in a research report on Wednesday, April 23rd. DA Davidson reissued a "neutral" rating and set a $25.00 price objective on shares of First Busey in a research report on Tuesday, February 25th. Finally, Raymond James decreased their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, First Busey has an average rating of "Hold" and a consensus price target of $27.80.

Hedge Funds Weigh In On First Busey

Several institutional investors and hedge funds have recently modified their holdings of BUSE. PNC Financial Services Group Inc. increased its stake in First Busey by 1,173.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,439 shares of the bank's stock valued at $34,000 after purchasing an additional 1,326 shares in the last quarter. R Squared Ltd purchased a new stake in First Busey during the 4th quarter valued at $35,000. Meeder Asset Management Inc. increased its holdings in shares of First Busey by 161.1% in the 4th 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of First Busey by 822.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank's stock valued at $40,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of First Busey by 507.5% during the fourth quarter. Quarry LP now owns 1,786 shares of the bank's stock valued at $42,000 after purchasing an additional 1,492 shares in the last quarter. 56.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Stanley J. Bradshaw acquired 1,838 shares of First Busey stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $23.75 per share, for a total transaction of $43,652.50. Following the completion of the transaction, the director now owns 437,481 shares in the company, valued at $10,390,173.75. The trade was a 0.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.10% of the stock is owned by corporate 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.

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.