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

Representative Jefferson Shreve (R-Indiana) recently bought shares of First Busey Co. NASDAQ: BUSE. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in First Busey stock on March 13th.

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

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

First Busey Stock Down 0.2 %

Shares of NASDAQ:BUSE traded down $0.04 during trading hours on Friday, hitting $19.96. The company's stock had a trading volume of 535,484 shares, compared to its average volume of 330,153. First Busey Co. has a 52 week low of $18.40 and a 52 week high of $28.97. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The firm's fifty day moving average price is $22.05 and its 200 day moving average price is $23.93.

First Busey (NASDAQ:BUSE - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.53 EPS 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, research analysts expect that First Busey Co. will post 2.61 EPS for the current year.

First Busey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, April 17th. First Busey's payout ratio is 50.76%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $33.00 target price (down from $34.00) on shares of First Busey in a research note on Thursday, January 30th. Piper Sandler cut their price objective on shares of First Busey from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. DA Davidson reiterated a "neutral" rating and issued a $25.00 target price on shares of First Busey in a research note on Tuesday, February 25th. Raymond James dropped their target price on shares of First Busey from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, Stephens reaffirmed an "equal weight" rating and issued a $26.00 price target on shares of First Busey in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Busey has a consensus rating of "Moderate Buy" and a consensus price target of $27.80.

Insider Activity

In other news, Director Stanley J. Bradshaw bought 1,700 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $21.70 per share, with a total value of $36,890.00. Following the acquisition, the director now directly owns 482,143 shares in the company, valued at $10,462,503.10. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.10% of the company's stock.

Institutional Investors Weigh In On First Busey

Large investors have recently bought and sold shares of the company. FMR LLC lifted its stake in First Busey by 168.7% during the 3rd quarter. FMR LLC now owns 149,279 shares of the bank's stock valued at $3,884,000 after acquiring an additional 93,733 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of First Busey by 127.9% during the third quarter. BNP Paribas Financial Markets now owns 24,330 shares of the bank's stock worth $633,000 after purchasing an additional 13,654 shares during the last quarter. Stifel Financial Corp acquired a new position in First Busey during the third quarter valued at $757,000. State Street Corp grew its position in First Busey by 0.4% during the 3rd quarter. State Street Corp now owns 1,497,004 shares of the bank's stock worth $38,952,000 after purchasing an additional 6,367 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of First Busey during the 3rd quarter valued at about $337,000. Hedge funds and other institutional investors own 56.49% of the company's stock.

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.