Wells Fargo & Company MN Sells 945 Shares of First Busey Corporation (BUSE)

Wells Fargo & Company MN lessened its stake in First Busey Corporation (NASDAQ:BUSE) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,063 shares of the bank’s stock after selling 945 shares during the period. Wells Fargo & Company MN owned about 0.09% of First Busey Corporation worth $999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of First Busey Corporation by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,697,899 shares of the bank’s stock valued at $49,918,000 after acquiring an additional 71,916 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of First Busey Corporation by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 1,457,492 shares of the bank’s stock valued at $42,850,000 after acquiring an additional 105,803 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of First Busey Corporation by 14.7% in the 1st quarter. Renaissance Technologies LLC now owns 414,900 shares of the bank’s stock valued at $12,198,000 after acquiring an additional 53,300 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of First Busey Corporation by 31.2% in the 2nd quarter. Principal Financial Group Inc. now owns 411,150 shares of the bank’s stock valued at $12,055,000 after acquiring an additional 97,816 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of First Busey Corporation by 5.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 410,555 shares of the bank’s stock valued at $12,038,000 after acquiring an additional 22,150 shares during the last quarter. 45.45% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on BUSE. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of First Busey Corporation in a report on Thursday, October 26th. Zacks Investment Research upgraded First Busey Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Monday, October 2nd. Piper Jaffray Companies set a $32.00 price target on First Busey Corporation and gave the company a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded First Busey Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, FBR & Co restated a “neutral” rating and set a $34.00 price target (up previously from $32.00) on shares of First Busey Corporation in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. First Busey Corporation has a consensus rating of “Hold” and an average price target of $33.25.

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First Busey Corporation (NASDAQ BUSE) opened at $31.15 on Friday. The firm has a market cap of $1.43 billion, a PE ratio of 18.51, a PEG ratio of 3.07 and a beta of 0.99. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 20th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. First Busey Corporation’s dividend payout ratio is 47.06%.

First Busey Corporation Company Profile

First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries. The Company operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, St.

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

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