Trexquant Investment LP Has $649,000 Stock Position in First Busey Co. (NASDAQ:BUSE)

Trexquant Investment LP lifted its holdings in shares of First Busey Co. (NASDAQ:BUSEGet Rating) by 38.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 28,383 shares of the bank’s stock after acquiring an additional 7,825 shares during the period. Trexquant Investment LP’s holdings in First Busey were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BUSE. Nisa Investment Advisors LLC raised its position in shares of First Busey by 125.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,260 shares of the bank’s stock valued at $29,000 after acquiring an additional 700 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in First Busey in the first quarter valued at about $36,000. Creative Financial Designs Inc. ADV acquired a new position in First Busey in the second quarter valued at about $77,000. Amalgamated Bank bought a new position in First Busey during the first quarter worth about $154,000. Finally, Acadian Asset Management LLC acquired a new position in shares of First Busey during the 1st quarter worth about $176,000. 63.08% of the stock is owned by institutional investors.

Insider Transactions at First Busey

In related news, Director Michael David Cassens sold 2,300 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $26.77, for a total value of $61,571.00. Following the completion of the transaction, the director now directly owns 171,584 shares of the company’s stock, valued at approximately $4,593,303.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James increased their target price on shares of First Busey from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. raised First Busey from a “hold” rating to a “buy” rating in a research note on Saturday, November 12th.

First Busey Trading Down 1.4 %

NASDAQ:BUSE opened at $26.08 on Friday. The business’s 50-day simple moving average is $24.63 and its 200-day simple moving average is $23.82. First Busey Co. has a fifty-two week low of $21.66 and a fifty-two week high of $29.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $1.44 billion, a PE ratio of 11.80 and a beta of 0.94.

First Busey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 21st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, October 20th. First Busey’s dividend payout ratio (DPR) is presently 41.63%.

First Busey Company Profile

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First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management.

See Also

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Institutional Ownership by Quarter for First Busey (NASDAQ:BUSE)

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