Swiss National Bank Has $3.13 Million Stock Position in First Busey Co. (NASDAQ:BUSE)

Swiss National Bank increased its holdings in shares of First Busey Co. (NASDAQ:BUSE – Get Rating) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,699 shares of the bank’s stock after purchasing an additional 2,200 shares during the period. Swiss National Bank owned approximately 0.23% of First Busey worth $3,132,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in First Busey by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,966,980 shares of the bank’s stock valued at $65,216,000 after acquiring an additional 117,583 shares during the period. Wellington Management Group LLP grew its stake in First Busey by 13.8% in the first quarter. Wellington Management Group LLP now owns 1,818,626 shares of the bank’s stock valued at $46,084,000 after acquiring an additional 220,093 shares during the period. LSV Asset Management grew its stake in First Busey by 7.0% in the third quarter. LSV Asset Management now owns 1,333,937 shares of the bank’s stock valued at $29,320,000 after acquiring an additional 87,369 shares during the period. Private Capital Management LLC grew its stake in First Busey by 6.2% in the second quarter. Private Capital Management LLC now owns 617,195 shares of the bank’s stock valued at $14,103,000 after acquiring an additional 36,202 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in First Busey by 25.8% in the third quarter. Nuveen Asset Management LLC now owns 488,523 shares of the bank’s stock valued at $10,738,000 after acquiring an additional 100,091 shares during the period. Institutional investors and hedge funds own 49.97% of the company’s stock.

First Busey Price Performance

BUSE opened at $18.72 on Tuesday. The stock has a 50-day moving average price of $19.12 and a 200-day moving average price of $22.81. First Busey Co. has a 12-month low of $16.26 and a 12-month high of $27.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.04 billion, a P/E ratio of 7.70 and a beta of 0.86.

First Busey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 21st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, April 20th. First Busey’s payout ratio is currently 39.51%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Raymond James dropped their target price on First Busey from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. StockNews.com assumed coverage on First Busey in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler dropped their target price on First Busey from $24.00 to $21.00 in a report on Thursday, April 27th. DA Davidson dropped their price target on First Busey from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, January 26th. Finally, VNET Group reiterated a “maintains” rating on shares of First Busey in a report on Thursday, April 27th.

Insider Transactions at First Busey

In related news, Director Stanley J. Bradshaw bought 5,322 shares of the stock in a transaction dated Monday, May 1st. The stock was bought at an average price of $18.16 per share, with a total value of $96,647.52. Following the purchase, the director now owns 46,172 shares in the company, valued at approximately $838,483.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other First Busey news, Director Stanley J. Bradshaw purchased 5,322 shares of the stock in a transaction on Monday, May 1st. The stock was acquired at an average price of $18.16 per share, with a total value of $96,647.52. Following the transaction, the director now directly owns 46,172 shares of the company’s stock, valued at approximately $838,483.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley J. Bradshaw bought 3,000 shares of First Busey stock in a transaction on Friday, April 28th. The shares were purchased at an average price of $18.34 per share, for a total transaction of $55,020.00. Following the acquisition, the director now directly owns 40,850 shares in the company, valued at approximately $749,189. The disclosure for this purchase can be found here. In the last three months, insiders bought 13,322 shares of company stock worth $259,618. 7.10% of the stock is currently owned by corporate insiders.

About First Busey

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First Busey Corp. is a bank holding company, which engages in the provision of financial services through its wholly-owned bank subsidiary. It operates through the following segments: Banking, First Tech, and Wealth Management. The Banking segment offers a range of services to individual and corporate customers through its banking center network.