A Director at First Busey Corp is Exercising Options

Today it was reported that a Director at First Busey Corp (BUSE), Gregory Lykins, exercised options to buy 2,500 BUSE shares at $22.59 a share, for a total transaction value of $56.48K. The options were close to expired and Gregory Lykins retained stocks.

Following Gregory Lykins’ last BUSE Buy transaction on December 04, 2009, the stock climbed by 17.4%. In addition to Gregory Lykins, 4 other BUSE executives reported Buy trades in the last month.

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Based on First Busey Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $110 million and quarterly net profit of $25.47 million. In comparison, last year the company earned revenue of $91.19 million and had a net profit of $21.92 million. BUSE’s market cap is $1.4B and the company has a P/E ratio of 12.30. Currently, First Busey Corp has an average volume of 87.23K.

The insider sentiment on First Busey Corp has been positive according to 144 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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First Busey Corp. is a bank holding company, which provides financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. It operates the following segments: Banking, Remittance Processing, and Wealth Management.

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