First Busey (NASDAQ:BUSE) Director Michael David Cassens Sells 750 Shares

January 21, 2026 by InsiderTrades.com

Key Points

Director Michael David Cassens sold 750 shares on Jan. 15 at an average price of $24.24 (proceeds $18,180), reducing his stake to 140,031 shares (a 0.53% decrease); he also sold 750 shares in Dec. and Nov.
First Busey increased its quarterly dividend to $0.26 (annualized $1.04) for a 4.3% yield, with an ex-dividend date of Jan. 23 and payment on Jan. 30.
Analysts have a consensus "Hold" with a $26.33 target; the stock recently traded around $24.38, with a market cap of $2.16B and a P/E of 21.2.

First Busey Corporation (NASDAQ:BUSE - Get Free Report) Director Michael David Cassens sold 750 shares of the company's stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $24.24, for a total value of $18,180.00. Following the completion of the transaction, the director owned 140,031 shares of the company's stock, valued at $3,394,351.44. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Michael David Cassens also recently made the following trade(s):

On Monday, December 15th, Michael David Cassens sold 750 shares of First Busey stock. The stock was sold at an average price of $25.37, for a total value of $19,027.50.
On Friday, November 14th, Michael David Cassens sold 750 shares of First Busey stock. The shares were sold at an average price of $22.92, for a total transaction of $17,190.00.

First Busey Trading Down 0.1%

Shares of BUSE stock opened at $24.38 on Wednesday. The firm's 50-day simple moving average is $24.04 and its 200-day simple moving average is $23.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. First Busey Corporation has a 1-year low of $18.40 and a 1-year high of $25.62. The firm has a market cap of $2.16 billion, a P/E ratio of 21.20 and a beta of 0.79.

First Busey (NASDAQ:BUSE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $197.46 million during the quarter, compared to analyst estimates of $196.07 million. First Busey had a net margin of 11.00% and a return on equity of 9.05%. As a group, equities analysts forecast that First Busey Corporation will post 2.61 EPS for the current year.

First Busey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a $0.26 dividend. This is an increase from First Busey's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. First Busey's dividend payout ratio is 86.96%.

Analysts Set New Price Targets

BUSE has been the subject of several research analyst reports. Raymond James Financial restated an "outperform" rating and set a $26.00 price target (down from $28.00) on shares of First Busey in a research note on Thursday, October 30th. Piper Sandler dropped their target price on shares of First Busey from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of First Busey in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.33.

Check Out Our Latest Report on First Busey

Institutional Trading of First Busey

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of First Busey by 726.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,280 shares of the bank's stock worth $49,000 after purchasing an additional 2,004 shares in the last quarter. Signaturefd LLC increased its stake in First Busey by 34.3% during the 2nd quarter. Signaturefd LLC now owns 3,389 shares of the bank's stock worth $78,000 after buying an additional 865 shares during the period. State of Alaska Department of Revenue acquired a new position in First Busey in the 3rd quarter worth $86,000. CIBC Private Wealth Group LLC boosted its position in First Busey by 111.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,920 shares of the bank's stock valued at $91,000 after buying an additional 2,070 shares during the last quarter. Finally, Argent Trust Co acquired a new stake in shares of First Busey during the third quarter valued at about $200,000. Institutional investors and hedge funds own 56.49% of the company's stock.

First Busey Company Profile

(Get Free Report)

First Busey (NASDAQ: BUSE) is a bank holding company headquartered in Champaign, Illinois, with roots tracing back to the founding of Busey Bank in 1868. As a regional financial institution, it offers a broad spectrum of banking services to individuals, small businesses, and corporations. Its core activities include commercial lending, deposit-taking, and cash management, which are tailored to meet the needs of local communities across its operating footprint.

In addition to traditional banking operations, First Busey provides wealth management and trust services through its subsidiary aimed at high-net-worth clients and fiduciary accounts.