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

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 Stock Performance

Shares of BUSE opened at $19.92 on Wednesday. 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. 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’s 50 day moving average price is $22.34 and its two-hundred day moving average price is $24.05.

First Busey (NASDAQ:BUSE) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate 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, analysts forecast that First Busey Co. will post 2.61 EPS for the current fiscal year.

First Busey Announces Dividend

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

Institutional Trading of First Busey

Institutional investors and hedge funds have recently bought and sold shares of the business. CX Institutional bought a new stake in First Busey in the 1st quarter valued at $257,000. Assenagon Asset Management S.A. acquired a new stake in shares of First Busey during the 1st quarter worth about $1,281,000. UMB Bank n.a. acquired a new position in First Busey in the 1st quarter valued at about $2,230,000. Rhumbline Advisers raised its holdings in First Busey by 50.3% in the 1st quarter. Rhumbline Advisers now owns 127,748 shares of the bank’s stock valued at $2,759,000 after acquiring an additional 42,751 shares during the period. Finally, GAMMA Investing LLC lifted its position in First Busey by 3,182.9% during the first quarter. GAMMA Investing LLC now owns 4,990 shares of the bank’s stock worth $108,000 after acquiring an additional 4,838 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $26.00 price target on shares of First Busey in a research report on Monday, February 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 price target (down from $34.00) on shares of First Busey in a research note on Thursday, January 30th. DA Davidson restated a “neutral” rating and issued a $25.00 price objective on shares of First Busey in a report on Tuesday, February 25th. Piper Sandler dropped their target price on First Busey from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Raymond James lowered their price target on First Busey from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, First Busey presently has a consensus rating of “Moderate Buy” and an average price target of $27.80.

Insider Activity

In other First Busey news, Director Stanley J. Bradshaw purchased 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, with a total value of $43,652.50. Following the completion of the transaction, the director now owns 437,481 shares in the company, valued at $10,390,173.75. The trade was a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.10% of the stock is owned by company insiders.

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.

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.