First Busey Corp director Jensen buys $119,325 in stock

Published 28/05/2025, 16:14
First Busey Corp director Jensen buys $119,325 in stock

Karen M. Jensen, a director at First Busey Corp (NASDAQ:BUSE), recently acquired 5,500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The $1.98 billion market cap financial institution, which currently offers a notable 4.49% dividend yield, has maintained dividend payments for 37 consecutive years according to InvestingPro. The purchase occurred on May 23, 2025, at a price range between $21.69 and $21.70 per share, totaling approximately $119,325. Following this transaction, Jensen holds 72,068 shares directly. This acquisition reflects continued confidence in the company’s prospects by one of its board members, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. Discover more insights and 5 additional ProTips with an InvestingPro subscription.

In other recent news, First Busey Corporation announced the pricing of its public offering of 8 million depositary shares, each representing a 1/40th interest in a share of its Series B preferred stock. This offering, with a liquidation preference of $25 each and an 8.25% annual dividend, aims to raise funds for general corporate purposes and the redemption of Busey’s 5.25% Subordinated Notes due 2030. The bank is also preparing for a merger with CrossFirst Bank on June 20, 2025, which will expand its asset base and banking centers.

Additionally, First Busey declared a quarterly cash dividend of $0.25 per common share, scheduled for payment on April 25, 2025, to shareholders of record as of April 18, 2025. Piper Sandler reiterated its Overweight rating on First Busey, maintaining a price target of $26.00, despite adjusting its earnings per share estimates for 2025 and 2026. The firm highlighted the attractive valuation following the $215 million preferred offering, which is expected to enhance First Busey’s Tier 1 capital.

These developments reflect First Busey’s strategic financial maneuvers, including the recent offering and merger plans. The company continues to focus on rewarding its shareholders through consistent dividend payments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.