Vertex Pharmaceuticals stock falls after pain drug fails in Phase 2 study
Stanley J. Bradshaw, a director at First Busey Corp (NASDAQ:BUSE), has recently acquired additional shares of the company. According to the SEC filing, Bradshaw purchased 1,000 shares of common stock on May 29, 2025, at a price of $22 per share. This transaction amounted to a total purchase value of $22,000. The purchase price sits near the middle of the stock’s 52-week range of $18.40 to $28.97, with analysts setting price targets between $23 and $30.
Following this acquisition, Bradshaw’s total direct ownership in First Busey Corp stands at 490,769 shares. The purchase reflects an increase in his holdings in the $1.98 billion market cap company, which boasts a 4.49% dividend yield and has maintained dividend payments for 37 consecutive years. For deeper insights into insider trading patterns and additional analysis, consider exploring InvestingPro, which offers exclusive financial metrics and expert recommendations.
In other recent news, First Busey Corporation has announced its 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. The company has also set the price for its public offering of 8 million depositary shares, each with an 8.25% annual dividend, expected to close around May 20, 2025. The proceeds from this offering will be used for general corporate purposes and to redeem the company’s 5.25% Subordinated Notes due 2030. Piper Sandler maintains an Overweight rating on First Busey, citing the attractive valuation following the $215 million preferred offering. This offering is projected to increase the bank’s Total (EPA:TTEF) Risk-Based Capital ratio to approximately 15.4%. Additionally, First Busey is preparing for a merger with CrossFirst Bank on June 20, 2025, which will expand its asset base and banking centers. Piper Sandler has adjusted its earnings per share estimates for 2025 and 2026, now anticipating $2.56 and $2.75, respectively. First Busey continues to be recognized for its workplace culture and community engagement, being named among America’s Best Banks by Forbes.
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