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Stanley J. Bradshaw, a director at First Busey Corp (NASDAQ:BUSE), a $1.97 billion regional bank with a notable 37-year track record of consecutive dividend payments, has recently acquired 1,000 shares of the company’s common stock. The transaction, which took place on May 23, 2025, was executed at a price of $21.63 per share, amounting to a total value of $21,630. The purchase comes as the stock trades near its 52-week low, offering a 4.49% dividend yield. Following this purchase, Bradshaw’s total direct ownership stands at 489,769 shares. InvestingPro analysis reveals several more key insights about First Busey’s financial health and valuation metrics, including additional ProTips that could help inform investment decisions.
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, with an annual dividend rate of 8.25%. This offering is anticipated to close around May 20, 2025, and aims to raise funds for general corporate purposes and redeem existing 5.25% subordinated notes. Piper Sandler has maintained an Overweight rating on First Busey, with a price target of $26.00, following the company’s preferred offering that is expected to enhance its Tier 1 capital. Additionally, Piper Sandler has adjusted its earnings per share estimates for 2025 and 2026, reducing them by $0.04 and $0.10, respectively.
First Busey Corporation also declared a quarterly cash dividend of $0.25 per common share, payable on April 25, 2025, to shareholders on record as of April 18, 2025. This dividend declaration aligns with the company’s routine practice of distributing value to its shareholders. The bank is also preparing to merge with CrossFirst Bank on June 20, 2025, which will expand its asset base and banking centers. These developments reflect First Busey’s ongoing financial maneuvers and strategic expansions in the banking sector.
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