Insider Buying: First Busey Co. (NASDAQ:BUSE) Insider Purchases 595 Shares of Stock

First Busey Co. (NASDAQ:BUSE) insider Amy L. Randolph purchased 595 shares of First Busey stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of $20.44 per share, with a total value of $12,161.80. Following the acquisition, the insider now directly owns 4,726 shares of the company’s stock, valued at approximately $96,599.44. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

First Busey Price Performance

Shares of NASDAQ BUSE traded down $0.22 during midday trading on Tuesday, reaching $22.34. The company’s stock had a trading volume of 204,873 shares, compared to its average volume of 162,617. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.79. First Busey Co. has a fifty-two week low of $16.26 and a fifty-two week high of $25.80. The business’s 50 day moving average price is $23.03 and its two-hundred day moving average price is $22.73. The company has a market cap of $1.23 billion, a P/E ratio of 11.39 and a beta of 0.85.

First Busey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 19th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.30%. First Busey’s payout ratio is 48.48%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BUSE. StockNews.com upgraded First Busey from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens restated an “overweight” rating and set a $28.00 price objective on shares of First Busey in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

Institutional Investors Weigh In On First Busey

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC raised its position in First Busey by 1,143.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the bank’s stock valued at $26,000 after purchasing an additional 972 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in First Busey during the third quarter valued at approximately $218,000. Sierra Summit Advisors LLC acquired a new position in First Busey during the fourth quarter valued at approximately $238,000. HighPoint Advisor Group LLC acquired a new position in First Busey during the fourth quarter valued at approximately $249,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of First Busey by 40.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,819 shares of the bank’s stock worth $304,000 after buying an additional 4,566 shares during the last quarter. 56.49% of the stock is currently owned by institutional investors and hedge funds.

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.