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

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 Trading Up 2.6 %

Shares of BUSE stock traded up $0.50 on Tuesday, hitting $19.92. The company had a trading volume of 542,081 shares, compared to its average volume of 325,559. The stock’s 50-day moving average is $22.34 and its two-hundred day moving average is $24.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $1.13 billion, a P/E ratio of 10.11 and a beta of 0.75. First Busey Co. has a twelve month low of $18.40 and a twelve month high of $28.97.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings data 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%. On average, equities research analysts anticipate that First Busey Co. will post 2.61 earnings per share for the current fiscal year.

First Busey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.02%. The ex-dividend date is Thursday, April 17th. First Busey’s dividend payout ratio is currently 50.76%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BUSE. 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 research report on Thursday, January 30th. Stephens reaffirmed an “equal weight” rating and set a $26.00 target price on shares of First Busey in a research report on Monday, February 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of First Busey in a research note on Thursday, January 30th. Raymond James decreased their target price on shares of First Busey from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Finally, DA Davidson reiterated a “neutral” rating and set a $25.00 price target on shares of First Busey in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

Hedge Funds Weigh In On First Busey

A number of hedge funds and other institutional investors have recently modified their holdings of BUSE. Emerald Advisers LLC bought a new stake in shares of First Busey during the 4th quarter worth $9,115,000. Millennium Management LLC boosted its stake in First Busey by 121.0% in the fourth quarter. Millennium Management LLC now owns 565,001 shares of the bank’s stock valued at $13,317,000 after acquiring an additional 309,301 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of First Busey during the 4th quarter worth approximately $5,498,000. Emerald Mutual Fund Advisers Trust purchased a new position in First Busey in the fourth quarter valued at approximately $4,850,000. Finally, JPMorgan Chase & Co. increased its position in First Busey by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 671,402 shares of the bank’s stock worth $15,825,000 after buying an additional 189,115 shares during the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

Insider Buying and Selling at First Busey

In other news, Director Stanley J. Bradshaw acquired 1,838 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $23.75 per share, for a total transaction of $43,652.50. Following the purchase, the director now owns 437,481 shares of the company’s stock, valued at approximately $10,390,173.75. The trade was a 0.42 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.10% 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 [email protected] 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.