Magnetar Financial LLC purchased a new position in shares of First Busey Co. (NASDAQ:BUSE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,497 shares of the bank’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in shares of First Busey by 2.8% in the 3rd quarter. Nordea Investment Management AB now owns 186,466 shares of the bank’s stock valued at $5,848,000 after purchasing an additional 5,000 shares during the last quarter. Kennedy Capital Management Inc. lifted its holdings in shares of First Busey by 11.1% in the 2nd quarter. Kennedy Capital Management Inc. now owns 215,439 shares of the bank’s stock valued at $6,317,000 after purchasing an additional 21,470 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of First Busey by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,476,846 shares of the bank’s stock valued at $43,301,000 after purchasing an additional 19,354 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of First Busey by 33.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 111,412 shares of the bank’s stock valued at $3,267,000 after purchasing an additional 27,931 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of First Busey in the 2nd quarter valued at about $3,855,000. 46.12% of the stock is owned by institutional investors.

First Busey Co. (NASDAQ BUSE) opened at $31.13 on Friday. The stock has a market capitalization of $1,514.01, a PE ratio of 18.31, a P/E/G ratio of 3.07 and a beta of 0.98. First Busey Co. has a 52-week low of $27.33 and a 52-week high of $32.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.90.

In related news, Director George Barr sold 1,665 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $32.25, for a total value of $53,696.25. Following the transaction, the director now owns 64,088 shares in the company, valued at approximately $2,066,838. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.

Several research firms have recently weighed in on BUSE. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 target price on shares of First Busey in a report on Thursday, October 26th. Zacks Investment Research cut First Busey from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. FBR & Co restated a “neutral” rating and issued a $34.00 price target (up previously from $32.00) on shares of First Busey in a research report on Wednesday, October 25th. BidaskClub cut First Busey from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, ValuEngine cut First Busey from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $33.25.

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About First Busey

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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Institutional Ownership by Quarter for First Busey (NASDAQ:BUSE)

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