Rep. Jefferson Shreve Buys First Busey Co. (NASDAQ:BUSE) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of First Busey Co. NASDAQ: BUSE. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in First Busey stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

First Busey Stock Performance

BUSE traded up $0.54 during trading hours on Friday, hitting $22.08. The company's stock had a trading volume of 360,599 shares, compared to its average volume of 431,049. The company has a 50-day simple moving average of $23.50 and a 200 day simple moving average of $25.01. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.26 billion, a PE ratio of 11.21 and a beta of 0.84. First Busey Co. has a fifty-two week low of $21.20 and a fifty-two week high of $28.97.

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First Busey (NASDAQ:BUSE - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. First Busey had a net margin of 17.14% and a return on equity of 8.94%. As a group, sell-side analysts expect that First Busey Co. will post 2.61 EPS for the current year.

First Busey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 24th. This is an increase from First Busey's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.53%. First Busey's payout ratio is currently 50.76%.

Insider Transactions at First Busey

In other news, Director Stanley J. Bradshaw acquired 1,838 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $23.75 per share, with a total value of $43,652.50. Following the purchase, the director now owns 437,481 shares of the company's stock, valued at approximately $10,390,173.75. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Busey

A number of institutional investors and hedge funds have recently modified their holdings of BUSE. M&T Bank Corp raised its position in shares of First Busey by 2.7% during the third quarter. M&T Bank Corp now owns 20,427 shares of the bank's stock worth $532,000 after purchasing an additional 545 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in First Busey by 10.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,396 shares of the bank's stock worth $174,000 after buying an additional 690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Busey by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,293 shares of the bank's stock valued at $714,000 after buying an additional 985 shares in the last quarter. Swiss National Bank boosted its holdings in shares of First Busey by 0.9% in 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 during the period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of First Busey by 161.1% in the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank's stock worth $40,000 after buying an additional 1,047 shares during the period. Institutional investors and hedge funds own 56.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BUSE. DA Davidson reiterated a "neutral" rating and set a $25.00 price objective on shares of First Busey in a research note on Tuesday, February 25th. Stephens reissued an "equal weight" rating and issued a $26.00 price objective on shares of First Busey in a research note on Monday, February 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $33.00 target price (down previously from $34.00) on shares of First Busey in a research note on Thursday, January 30th. Finally, Piper Sandler lowered their target price on First Busey from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First Busey presently has a consensus rating of "Hold" and an average price target of $28.00.

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.