First Busey Corporation (NASDAQ:BUSE) Director George Barr sold 14,492 shares of First Busey Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.30, for a total value of $453,599.60. Following the completion of the transaction, the director now directly owns 64,088 shares in the company, valued at approximately $2,005,954.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
George Barr also recently made the following trade(s):
- On Friday, October 27th, George Barr sold 1,665 shares of First Busey Corporation stock. The shares were sold at an average price of $32.25, for a total value of $53,696.25.
Shares of First Busey Corporation (NASDAQ:BUSE) opened at $30.31 on Friday. The company has a market capitalization of $1,464.39, a P/E ratio of 17.71, a P/E/G ratio of 2.93 and a beta of 0.99. First Busey Corporation has a 12 month low of $26.38 and a 12 month high of $32.44. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 20th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 2.38%. First Busey Corporation’s payout ratio is 47.06%.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. lifted its holdings in First Busey Corporation by 11.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 215,439 shares of the bank’s stock worth $6,317,000 after purchasing an additional 21,470 shares during the last quarter. Vanguard Group Inc. lifted its holdings in First Busey Corporation by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 1,457,492 shares of the bank’s stock worth $42,850,000 after purchasing an additional 105,803 shares during the last quarter. Martingale Asset Management L P acquired a new stake in First Busey Corporation in the 2nd quarter worth approximately $3,855,000. Bank of America Corp DE lifted its holdings in First Busey Corporation by 128.0% in the 1st quarter. Bank of America Corp DE now owns 171,816 shares of the bank’s stock worth $5,051,000 after purchasing an additional 96,454 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in First Busey Corporation by 33.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 111,412 shares of the bank’s stock worth $3,267,000 after purchasing an additional 27,931 shares during the last quarter. Hedge funds and other institutional investors own 45.77% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research cut First Busey Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of First Busey Corporation in a research note on Thursday, October 26th. ValuEngine cut First Busey Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Piper Jaffray Companies set a $32.00 price target on First Busey Corporation and gave the company a “hold” rating in a research note on Tuesday, July 25th. Finally, FBR & Co reissued a “neutral” rating and issued a $34.00 price target (up previously from $32.00) on shares of First Busey Corporation in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. First Busey Corporation currently has a consensus rating of “Hold” and a consensus price target of $33.25.
First Busey Corporation Company Profile
First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.
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