The Attractiveness of Investing In First Busey Corporation (BUSE) is Growing


First Busey Corporation’s recently made public that its Director BRADSHAW STANLEY J acquired Company’s shares for reported $49725.0 on Aug 23. In the deal valued at $19.89 per share,2,500 shares were bought. As a result of this transaction, BRADSHAW STANLEY J now holds 75,000 shares worth roughly $ 1.56 million.

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Then, BRADSHAW STANLEY J bought 4,500 shares, generating $90,375 in total proceeds. Upon buying the shares at $20.08, the Director now owns 72,500 shares.

Before that, BRADSHAW STANLEY J bought 2,000 shares. First Busey Corporation shares valued at $40,800 were divested by the Director at a price of $20.40 per share. As a result of the transaction, BRADSHAW STANLEY J now holds 68,000 shares, worth roughly $1.41 million.

Raymond James upgraded its First Busey Corporation [BUSE] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 32.9 to its Friday closing price.

Price Performance Review of BUSE

On Friday, First Busey Corporation [NASDAQ:BUSE] saw its stock jump 2.97% to $20.80. On the same session, the stock had its day’s lowest price of $20.37, but rose to a high of $20.87. Over the last five days, the stock has gained 3.02%. First Busey Corporation shares have fallen nearly -15.86% since the year began. Nevertheless, the stocks have fallen -9.57% over the past one year. While a 52-week high of $27.98 was reached on 01/12/23, a 52-week low of $16.26 was recorded on 05/04/23. SMA at 50 days reached $20.95, while 200 days put it at $21.88. A total of 0.11 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For BUSE Stock

The 24-hour chart illustrates a support level at 20.49, which if violated will result in even more drops to 20.18. On the upside, there is a resistance level at 20.99. A further resistance level may holdings at 21.18. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.21%. Stochastics %K at 37.45% indicates the stock is a holding.

How much short interest is there in First Busey Corporation?

A steep rise in short interest was recorded in First Busey Corporation stocks on Aug 14, 2023, growing by 50000.0 shares to a total of 1.06 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.01 million shares. There was a rise of 4.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.02.

First Busey Corporation [BUSE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,743,159 shares, or roughly 6.77% of the outstanding BUSE shares. In other words, the investor’s shares have risen by 214,053 from its previous 13-F filing of 3529106.0. Additionally, Dimensional Fund Advisors LP increased 0.63% of its stake after which the total value it holdings stand at $69,825,494, while The Vanguard Group, Inc. reduced -1.11% of its stake to hold $59.99 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 42,936 shares of First Busey Corporation, while AllianceBernstein LP bought 498,963 shares. At present, SSgA Funds Management, Inc. is holding 1,373,535 shares valued at $29.75 million. LSV Asset Management owned 1,326,980 shares of the company at the time of its most recent 13F filing, worth $28.74 million.

According to FactSet, First Busey Corporation’s share price will average $24.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.29 percent from its previous closing price of $20.20. Analysts expect First Busey Corporation stock to reach the higher price of $25.00, while the lowest price estimate is $23.00. However, 6 analysts have rated BUSE stock as an Overweight in their predictions for 2023.


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