August 14, 2023
Vestor Capital LLC Positively Surges Its Holdings in First Busey Co.
First Busey Co. (NASDAQ:BUSE) encountered a significant surge in holdings from Vestor Capital LLC during the first quarter of this year, as reported in the company’s Form 13F filing with the Securities & Exchange Commission. Impressively, the prestigious firm boosted its holdings by an astonishing 8,624.9%, which amounted to an additional 204,841 shares acquired during this period. As a result, Vestor Capital LLC now boasts ownership of a substantial 207,216 shares of First Busey stock. This development is not only emblematic of Vestor Capital LLC’s strategic investment prowess but also signifies their confidence in the bank’s future growth prospects.
With these acquisitions, Vestor Capital LLC’s overall worth of First Busey shares has reached an impressive $2,828,000 at the end of the first quarter. Consequently, Vestor Capital LLC now possesses approximately 0.37% ownership of First Busey Co., making them one of the notable stakeholders in this thriving financial institution.
In addition to its investment activities, First Busey Co. recently announced its quarterly dividend payment schedule for shareholders. The dividend was successfully paid on Friday, July 28th to all stockholders recorded by Friday, July 21st. Each shareholder received a dividend payment of $0.24 per share held during this period.
It is noteworthy that those who purchased or sold First Busey shares on or before Thursday, July 20th were eligible for this dividend payout opportunity. This annualized dividend equates to $0.96 per share held and represents an attractive dividend yield of approximately 4.45%. Such returns are appealing to income-seeking investors looking for stable and consistent returns on their investments.
First Busey’s current dividend payout ratio (DPR) stands at an enticing 39.67%. This metric demonstrates the proportion of earnings that First Busey has chosen to distribute to its shareholders, highlighting the bank’s commitment to rewarding its investors. With a DPR of this magnitude, First Busey positions itself favorably among competitors, providing shareholders with a substantial share of the bank’s profits.
The prominence and potential of First Busey Co. have also attracted the attention and analysis of industry experts. StockNews.com recently upgraded their rating on First Busey from “sell” to “hold” in a research note on Thursday. This distinction underscores the bank’s positive trajectory and suggests that holding onto shares may yield favorable outcomes for investors.
Meanwhile, Piper Sandler expressed their sentiments about First Busey by adjusting their price objective from $24.00 to $21.00 in another research note released on Thursday, April 27th. Although this represents a decrease, it is important to recognize that analysts’ opinions can differ based on various factors within the market.
Furthermore, VNET Group maintains their rating of First Busey stock after thorough analysis conducted on Thursday, April 27th. This reaffirms the steady performance and potential they believe lies within First Busey Co., further substantiating investor confidence in the bank’s prospects.
Lastly, Raymond James contributed to these ratings discussions by raising their price objective from $22.00 to $24.00 while subsequently labeling the stock as “outperform.” This research note was issued on Monday, July 31st and solidifies an optimistic stance towards First Busey Co.’s future performance outlook.
Overall, Vestor Capital LLC’s significant increase in holdings in First Busey Co., coupled with a robust dividend payment structure and positive analyst ratings, highlights an encouraging trajectory for the bank’s profitability and stock performance going forward.
Investors are advised to conduct thorough research before making any investment decisions. The market landscape presents both opportunities and risks, urging careful consideration of all factors before venturing into the financial world.
Disclaimer: The information provided above is based on publicly available sources and should not be considered as financial advice.
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Examining First Busey Co.: Insights on Institutional Investments, Insider Trading, and Dividend Payouts
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”BUSE” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]First Busey Co.: A Closer Look at Institutional Investments, Insider Trading, and Dividend Payouts
In today’s fast-paced financial world, it is crucial for investors to keep track of institutional investments, insider trading activities, and dividend payouts to make informed decisions. In this article, we will delve into the recent developments surrounding First Busey Co., a prominent financial institution. We will examine the actions of institutional investors, directors’ stock transactions, and the company’s dividend payout ratio. By analyzing these factors, readers can gain valuable insights into the company’s financial health and potential investment opportunities.
Institutional Investors Strengthen Their Stakes in First Busey:
Several institutional investors have demonstrated their confidence in First Busey Co. by either increasing or reducing their stakes in the company during the fourth quarter of this year. Swiss National Bank has notably increased its stake in First Busey by 1.8% through an acquisition of an additional 2,200 shares. As a result, Swiss National Bank now owns 126,699 shares of the bank’s stock valued at $3,132,000.
Cozad Asset Management Inc., another institutional investor, also enhanced its position in First Busey during the same period. With an impressive increase of 79.6%, Cozad Asset Management now owns 65,213 shares valued at $1,612,000 after acquiring an additional 28,901 shares.
Teacher Retirement System of Texas joined this growing trend by increasing its stake in First Busey by 83.6%, acquiring an additional 19,665 shares valued at $1,067,000. Zurcher Kantonalbank Zurich Cantonalbank and First Trust Advisors LP also expanded their stakes by 9.7% and 17.9%, respectively.
Directors’ Stock Transactions:
Director Stanley J. Bradshaw made headlines with his purchase of 2,000 shares of First Busey’s stock in late May 2023. Acquiring these shares at an average cost of $18.75 per share, Bradshaw invested a total of $37,500. Following this transaction, he now owns 58,850 shares valued at $1,103,437.50.
Contrarily, Director Michael David Cassens sold 10,036 shares of the company’s stock on July 18th at an average price of $22.00 per share. The total value of the sale amounted to $220,792. Cassens currently owns 157,747 shares valued at $3,470,434.
Insider purchases have also been significant for First Busey Co., amounting to 17,200 shares worth approximately $363,833 over the past three months. As a result, insiders now own 7.10% of the company’s stock.
Analyzing Dividend Payouts:
First Busey Co., recognizing the significance of providing returns to its shareholders through dividends declared a quarterly dividend that was paid on July 28th. Shareholders registered as of July 21st received a dividend worth $0.24 per share.
The dividend payout ratio (DPR) for First Busey is presently reported as 39.67%, highlighting its commitment to distributing earnings back to shareholders on an annualized basis.
Conclusion:
As evidenced by recent developments and actions surrounding institutional investors’ increasing stakes and directors’ stock transactions within First Busey Co., it is clear that investor confidence remains strong in the institution’s prospects. Moreover, the company’s consistent dividend payouts further indicate its commitment to rewarding its shareholders.
By meticulously following such critical updates within the financial industry and understanding their implications, prospective investors can make well-informed investment decisions based on thorough analysis and due diligence.
