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LEAWOOD, KS—Steven W. Caple, a director at First Busey Corp (NASDAQ:BUSE), recently acquired 450 shares of the company’s common stock, according to a recent SEC filing. The $1.99 billion market cap financial services company has maintained dividend payments for 37 consecutive years, currently offering a 4.41% yield. According to InvestingPro analysis, the stock trades above its Fair Value, with a P/E ratio of 23.15. The shares were purchased on June 2, 2025, at a price of $21.75 each, totaling $9,787. Following this transaction, Caple now directly owns 4,959 shares of First Busey Corp. The purchase reflects Caple’s continued investment in the financial services firm. The stock currently trades at $22.30, between its 52-week range of $18.40 to $28.97. For comprehensive insider trading analysis and additional insights, explore InvestingPro, which offers 5 more key tips about BUSE’s financial outlook.
In other recent news, First Busey Corporation has announced several significant developments. The bank declared a quarterly cash dividend of $0.25 per common share, with payment scheduled for April 25, 2025, for shareholders on record as of April 18, 2025. Additionally, First Busey has 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. This offering aims to raise funds for general corporate purposes and to redeem existing subordinated notes.
Piper Sandler has maintained its Overweight rating on First Busey, with a price target of $26.00, following the recent closure of a $215 million preferred offering. This move is expected to enhance First Busey’s Tier 1 capital and overall financial structure. Meanwhile, Keefe, Bruyette & Woods reiterated an Outperform rating on the bank’s stock, maintaining a $30 price target, highlighting the bank’s strategic share repurchase program and redemption of subordinated notes.
First Busey also plans a merger with CrossFirst Bank on June 20, 2025, to expand its asset base and banking centers. These actions underscore First Busey’s proactive approach to financial management and capital enhancement, with analysts noting the positive impact on the bank’s capital strategy.
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