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Bradshaw Stanley J, a director at First Busey Corp (NASDAQ:BUSE), recently acquired 1,838 shares of the company’s common stock. The transaction took place on February 26, 2025, at a purchase price of $23.75 per share, totaling approximately $43,652. The purchase comes as InvestingPro analysis indicates the stock is currently undervalued, with six analysts recently revising their earnings expectations upward. Following this acquisition, Stanley’s direct ownership in the company increased to 437,481 shares. This purchase highlights ongoing insider activity within the company, offering a glimpse into the confidence of its leadership in First Busey Corp’s future prospects. The $1.36 billion market cap company maintains a solid 4.24% dividend yield and has consistently paid dividends for 37 consecutive years. InvestingPro subscribers can access additional insights and metrics about First Busey Corp’s financial health and growth potential.
In other recent news, First Busey Corporation reported a 4.2% increase in its quarterly cash dividend, raising it to $0.25 per share from the previous $0.24. This decision, disclosed in an 8-K filing, underscores the company’s commitment to shareholder value and financial stability. Additionally, First Busey has made significant executive changes, with the departure of CFO Jeffrey D. Jones, who will receive a severance package as part of his exit. Scott A. Phillips has been appointed as the Interim CFO, bringing over 20 years of experience to the role. Meanwhile, DA Davidson maintained a Neutral rating on First Busey but lowered the price target to $25, citing recent financial trends. Similarly, Stephens adjusted its price target to $26 from $29, noting higher-than-expected fee income but subdued loan growth. Both firms remain cautiously optimistic about improvements following the anticipated completion of the CrossFirst merger. The Federal Reserve has approved this merger, expected to conclude by March 1, 2025.
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