First Busey Co. (NASDAQ:BUSE) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in First Busey Co. (NASDAQ:BUSE) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,286,280 shares of the bank’s stock after selling 28,500 shares during the quarter. LSV Asset Management owned 2.33% of First Busey worth $31,925,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BUSE. Lindbrook Capital LLC raised its holdings in First Busey by 1,143.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the bank’s stock worth $26,000 after purchasing an additional 972 shares during the period. Everhart Financial Group Inc. acquired a new position in shares of First Busey during the third quarter valued at approximately $218,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 valued at $304,000 after acquiring an additional 4,566 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of First Busey during the third quarter valued at approximately $369,000. Finally, Deutsche Bank AG raised its holdings in shares of First Busey by 18.9% during the third quarter. Deutsche Bank AG now owns 23,118 shares of the bank’s stock valued at $444,000 after acquiring an additional 3,669 shares during the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BUSE shares. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target on shares of First Busey in a report on Wednesday, April 24th. StockNews.com raised First Busey from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Busey presently has an average rating of “Moderate Buy” and a consensus price target of $25.75.

Insider Transactions at First Busey

In other news, Director Michael David Cassens sold 2,300 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.36, for a total transaction of $51,428.00. Following the completion of the transaction, the director now directly owns 139,804 shares in the company, valued at $3,126,017.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Michael David Cassens sold 2,300 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.36, for a total transaction of $51,428.00. Following the completion of the transaction, the director now directly owns 139,804 shares in the company, valued at $3,126,017.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen M. Jensen purchased 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $22.98 per share, with a total value of $45,960.00. Following the completion of the transaction, the director now owns 47,585 shares of the company’s stock, valued at $1,093,503.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,348 shares of company stock worth $93,953 and sold 6,900 shares worth $157,182. Company insiders own 7.10% of the company’s stock.

First Busey Trading Up 0.4 %

Shares of First Busey stock opened at $23.82 on Monday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.98 and a beta of 0.85. First Busey Co. has a fifty-two week low of $16.65 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day moving average of $23.03 and a 200 day moving average of $22.83.

First Busey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 19th were given a $0.24 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.96 annualized dividend and a yield of 4.03%. First Busey’s payout ratio is 48.48%.

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.