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Stanley J. Bradshaw, a director at First Busey Corp (NASDAQ:BUSE), has increased his stake in the $2 billion market cap company by purchasing 1,000 shares of common stock. The transaction, which took place on June 13, 2025, was executed at a price of $22.40 per share, totaling $22,400. Following this acquisition, Bradshaw now holds 492,769 shares directly. The purchase price sits near the middle of the stock’s 52-week range of $18.40 to $28.97. This move signals continued confidence in First Busey Corp from its board members. The company boasts a 37-year track record of consistent dividend payments, currently yielding 4.48%. InvestingPro analysis indicates the stock trades at a premium to its Fair Value, though analysts see up to 17% upside potential. For more detailed insights and additional ProTips, explore InvestingPro.
In other recent news, First Busey Corporation has announced a series of strategic financial moves and updates. The company declared a quarterly cash dividend of $0.25 per common share, scheduled for payment on April 25, 2025, to shareholders on record as of April 18, 2025. First Busey also priced its public offering of 8 million depositary shares, each representing a 1/40th interest in a share of its Series B preferred stock, with an 8.25% annual dividend rate. This offering is expected to close around May 20, 2025, and is intended to raise funds for general corporate purposes and the redemption of subordinated notes.
Additionally, Keefe, Bruyette & Woods maintained an Outperform rating on First Busey with a $30 price target, following the bank’s announcement of an expanded share repurchase program and redemption of $125 million in subordinated notes. Piper Sandler reiterated an Overweight rating with a $26 price target, noting the attractive valuation after the closure of a $215 million preferred offering. The proceeds from this offering are earmarked for redeeming $125 million of subordinated debt and are expected to enhance the bank’s capital ratios. First Busey is also preparing for a merger with CrossFirst Bank on June 20, 2025, which will expand its asset base and banking centers. These developments reflect First Busey’s ongoing strategies to strengthen its financial position and shareholder value.
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