First Busey (NASDAQ:BUSE) Director Michael David Cassens Sells 1,441 Shares of Company Stock

October 17, 2026 by InsiderTrades.com

Key Points

Director Michael David Cassens sold 1,441 First Busey shares at an average price of $29.12, generating $41,961.92. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.11% to 128,571 shares.
First Busey reported quarterly EPS of $0.69, beating analyst estimates of $0.63, while revenue of $194.27 million fell slightly short of expectations. The company declared a quarterly dividend of $0.26 per share, implying a 3.5% yield.
Shares recently traded at $29.43, and analysts’ consensus rating remains Hold with an average price target of $31.00; institutional investors own 56.49% of the stock.

First Busey Corporation (NASDAQ:BUSE - Get Free Report) Director Michael Cassens sold 1,441 shares of the business's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $29.12, for a total transaction of $41,961.92. Following the completion of the transaction, the director directly owned 128,571 shares of the company's stock, valued at $3,743,987.52. This trade represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, September 15th, Michael Cassens sold 1,441 shares of First Busey stock. The shares were sold at an average price of $30.45, for a total transaction of $43,878.45.
On Monday, August 17th, Michael Cassens sold 1,441 shares of First Busey stock. The stock was sold at an average price of $31.08, for a total value of $44,786.28.

First Busey Trading Up 0.6%

First Busey stock traded up $0.17 during mid-day trading on Friday, hitting $29.43. 728,790 shares of the company's stock were exchanged, compared to its average volume of 884,641. The company's 50 day simple moving average is $30.08 and its 200-day simple moving average is $28.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.43 billion, a P/E ratio of 12.16 and a beta of 0.75. First Busey Corporation has a fifty-two week low of $22.12 and a fifty-two week high of $31.70.

First Busey (NASDAQ:BUSE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. First Busey had a return on equity of 10.48% and a net margin of 21.00%. The firm had revenue of $194.27 million during the quarter, compared to analysts' expectations of $197.59 million. On average, equities analysts anticipate that First Busey Corporation will post 2.68 earnings per share for the current year.

First Busey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.5%. First Busey's dividend payout ratio (DPR) is currently 42.98%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded First Busey from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. DA Davidson increased their target price on First Busey from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Raymond James Financial raised their target price on shares of First Busey from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Piper Sandler lowered shares of First Busey from an "overweight" rating to a "neutral" rating and cut their price target for the company from $35.00 to $30.00 in a research note on Friday, October 2nd. Finally, Zacks Research lowered shares of First Busey from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.00.

Read Our Latest Stock Report on BUSE

Institutional Trading of First Busey

A number of institutional investors have recently modified their holdings of BUSE. Allworth Financial LP grew its holdings in shares of First Busey by 61.4% during the second quarter. Allworth Financial LP now owns 881 shares of the bank's stock worth $26,000 after buying an additional 335 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in First Busey in the 2nd quarter valued at approximately $29,000. Integrated Wealth Concepts LLC acquired a new stake in First Busey in the 2nd quarter valued at approximately $34,000. Compass Financial Management LLC acquired a new stake in First Busey in the 2nd quarter valued at approximately $45,000. Finally, USA Financial Formulas bought a new position in shares of First Busey during the 3rd quarter worth approximately $70,000. 56.49% of the stock is currently owned by institutional investors.

About First Busey

(Get Free Report)

First Busey Corporation is a financial holding company headquartered in Champaign, Illinois. Its principal subsidiary, Busey Bank, provides banking and financial services to individuals, families, businesses, institutions and municipalities.

Busey Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, treasury management, trust services and other financial solutions. Through Busey Wealth Management, the company also provides investment management, financial planning, private banking and fiduciary services.