Insider Selling: First Busey Corporation (BUSE) Director Sells 1,665 Shares of Stock

First Busey Corporation (NASDAQ:BUSE) Director George Barr sold 1,665 shares of First Busey stock in a transaction on Friday, October 27th. The shares were sold at an average price of $32.25, for a total transaction of $53,696.25. Following the completion of the sale, the director now owns 64,088 shares of the company’s stock, valued at approximately $2,066,838. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

George Barr also recently made the following trade(s):

  • On Monday, October 30th, George Barr sold 14,492 shares of First Busey stock. The shares were sold at an average price of $31.30, for a total transaction of $453,599.60.

Shares of First Busey Corporation (NASDAQ BUSE) traded down $0.33 during trading hours on Monday, hitting $31.50. 152,300 shares of the company were exchanged, compared to its average volume of 122,734. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1,531.99, a P/E ratio of 18.53, a P/E/G ratio of 3.11 and a beta of 0.98. First Busey Corporation has a 52 week low of $27.33 and a 52 week high of $32.88.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of First Busey from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, October 2nd. ValuEngine lowered shares of First Busey from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 target price on shares of First Busey in a research note on Thursday, October 26th. Finally, FBR & Co reiterated a “neutral” rating and issued a $34.00 target price (up previously from $32.00) on shares of First Busey in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. First Busey currently has an average rating of “Hold” and an average price target of $33.25.

Several large investors have recently modified their holdings of BUSE. Dimensional Fund Advisors LP lifted its holdings in First Busey by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,823,493 shares of the bank’s stock valued at $57,185,000 after purchasing an additional 38,805 shares during the last quarter. Vanguard Group Inc. lifted its holdings in First Busey by 1.3% during the second 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. Northern Trust Corp lifted its holdings in First Busey by 3.8% during the second quarter. Northern Trust Corp now owns 712,793 shares of the bank’s stock valued at $20,899,000 after purchasing an additional 26,024 shares during the last quarter. State Street Corp lifted its holdings in First Busey by 4.4% during the second quarter. State Street Corp now owns 585,996 shares of the bank’s stock valued at $17,184,000 after purchasing an additional 24,499 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in First Busey by 17.5% during the second quarter. Renaissance Technologies LLC now owns 487,500 shares of the bank’s stock valued at $14,294,000 after purchasing an additional 72,600 shares during the last quarter. 46.12% of the stock is currently owned by institutional investors.

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First Busey Company Profile

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.

Insider Buying and Selling by Quarter for First Busey (NASDAQ:BUSE)

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