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 March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in First Busey stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

First Busey Trading Down 1.4 %

Shares of NASDAQ:BUSE opened at $21.26 on Wednesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.79 and a beta of 0.84. First Busey Co. has a 1 year low of $21.20 and a 1 year high of $28.97. The firm has a fifty day moving average price of $23.61 and a 200 day moving average price of $25.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

First Busey (NASDAQ:BUSE) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that First Busey Co. will post 2.61 EPS for the current fiscal year.

First Busey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a $0.25 dividend. The ex-dividend date was Friday, January 24th. This is a boost from First Busey’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. First Busey’s dividend payout ratio is currently 50.76%.

Analyst Upgrades and Downgrades

BUSE has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $25.00 price objective on shares of First Busey in a report on Tuesday, February 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 price target (down from $34.00) on shares of First Busey in a report on Thursday, January 30th. Stephens restated an “equal weight” rating and set a $26.00 price target on shares of First Busey in a report on Monday, February 24th. Finally, Piper Sandler decreased their price target on shares of First Busey from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Insider Activity

In related news, Director Stanley J. Bradshaw acquired 1,838 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $10,390,173.75. This represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Busey

A number of hedge funds have recently bought and sold shares of BUSE. PNC Financial Services Group Inc. raised its position in shares of First Busey by 1,173.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,439 shares of the bank’s stock valued at $34,000 after buying an additional 1,326 shares during the last quarter. R Squared Ltd acquired a new position in shares of First Busey during the fourth quarter valued at about $35,000. Huntington National Bank acquired a new position in shares of First Busey during the third quarter valued at about $38,000. Meeder Asset Management Inc. raised its position in shares of First Busey by 161.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,697 shares of the bank’s stock valued at $40,000 after buying an additional 1,047 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of First Busey by 822.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,707 shares of the bank’s stock valued at $40,000 after buying an additional 1,522 shares during the last quarter. 56.49% of the stock is currently owned by institutional investors.

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 editor@ballotpedia.org 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.