Should I buy or sell First Busey stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BUSE shares. View BUSE analyst ratings or view top-rated stocks .

What is First Busey's stock price target for 2024?

4 analysts have issued 12-month price objectives for First Busey's stock. Their BUSE share price targets range from $23.00 to $27.00. On average, they predict the company's stock price to reach $24.50 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View analysts price targets for BUSE or view top-rated stocks among Wall Street analysts .

How have BUSE shares performed in 2024?

First Busey's stock was trading at $24.82 at the beginning of the year. Since then, BUSE shares have decreased by 10.7% and is now trading at $22.16. View the best growth stocks for 2024 here .

When is First Busey's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our BUSE earnings forecast .

How were First Busey's earnings last quarter?

First Busey Co. (NASDAQ:BUSE) posted its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The bank earned $108.65 million during the quarter, compared to analysts' expectations of $107.74 million. First Busey had a trailing twelve-month return on equity of 10.38% and a net margin of 20.37%.

How often does First Busey pay dividends? What is the dividend yield for First Busey?

First Busey announced a quarterly dividend on Tuesday, April 9th. Investors of record on Friday, April 19th will be given a dividend of $0.24 per share on Friday, April 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, April 18th. Read our dividend analysis for BUSE .

Is First Busey a good dividend stock?

First Busey (NASDAQ:BUSE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.32%. BUSE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 41.38% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BUSE .

What ETFs hold First Busey's stock?

ETFs with the largest weight of First Busey (NASDAQ:BUSE) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) . First Trust NASDAQ ABA Community Bank Index Fund (QABA) .

What is Van A. Dukeman's approval rating as First Busey's CEO?

28 employees have rated First Busey Chief Executive Officer Van A. Dukeman on Glassdoor.com . Van A. Dukeman has an approval rating of 97% among the company's employees. This puts Van A. Dukeman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of First Busey own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Busey investors own include Endologix (ELGX) , Chipotle Mexican Grill (CMG) , Aegean Marine Petroleum Network (ANW) , Micron Technology (MU) , Ciner Resources (CINR) , Agree Realty (ADC) , Gran Tierra Energy (GTE) , UMB Financial (UMBF) and Transocean (RIG) .

How do I buy shares of First Busey?

Shares of BUSE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:BUSE

First Busey (BUSE) Stock Price, News & Analysis

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$22.16

-0.04 (-0.18%)

(As of 04/15/2024 ET)

Compare

Today's Range: $22.00
▼
$22.69
50-Day Range: $22.16
▼
$24.05
52-Week Range: $16.26
▼
$25.80

Volume: 129,843 shs
Average Volume: 158,833 shs
Market Capitalization: $1.22 billion

P/E Ratio: 10.21
Dividend Yield: 4.33%
Price Target: $24.50

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First Busey MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 10.6% Upside
$24.50 Price Target
Short Interest: Healthy
1.76% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.49
Upright™ Environmental Score
News Sentiment: 1.15
Based on 4 Articles This Week
Insider Trading: Selling Shares
$159,091 Sold Last Quarter
Proj. Earnings Growth: 8.41%
From $2.14 to $2.32 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Finance Sector

82nd out of 877 stocks

State Commercial Banks Industry

24th out of 179 stocks

2.5

Analyst's Opinion

Consensus Rating
First Busey has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
First Busey has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.76% of the float of First Busey has been sold short.
Short Interest Ratio / Days to Cover
First Busey has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in First Busey has recently decreased by 2.31%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
First Busey is a leading dividend payer. It pays a dividend yield of 4.32%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Busey has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First Busey is 44.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Busey will have a dividend payout ratio of 41.38% next year. This indicates that First Busey will be able to sustain or increase its dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Busey has received a 31.62% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Wire transfer services", "Home equity loans", "Mortgages provided by brick and mortar banks", "Debit cards", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for First Busey is -0.49.

3.4

News and Social Media Coverage

News Sentiment
First Busey has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for First Busey this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for BUSE on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added First Busey to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Busey insiders have sold 35.73% more of their company's stock than they have bought. Specifically, they have bought $117,215.00 in company stock and sold $159,091.00 in company stock.
Percentage Held by Insiders
Only 7.40% of the stock of First Busey is held by insiders.
Percentage Held by Institutions
56.49% of the stock of First Busey is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for First Busey are expected to grow by 8.41% in the coming year, from $2.14 to $2.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Busey is 10.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Busey is 10.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.82.
Price to Book Value per Share Ratio
First Busey has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About First Busey Stock (NASDAQ:BUSE)

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech. The Banking segment provides banking services to individual customers, such as demand and savings deposits, money transfers, safe deposit services, individual retirement accounts and other fiduciary services, automated teller machines, and technology-based networks, as well as loan products, including residential real estate, home equity lines of credit, and consumer loans. This segment also offers banking services to corporate customers, including commercial, commercial real estate, real estate construction, and agricultural loans, as well as cash management services. The Wealth Management segment offers a range of investment and asset management, investment, brokerage, investment strategy consulting, fiduciary, philanthropic advisory, tax preparation, business succession planning, and employee retirement plan services to individuals, businesses, and foundations; and professional farm management services to the agricultural industry. The FirsTech segment provides payment technology solutions comprising online, mobile, and voice-recognition bill payments; money management and credit card networks; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments, as well as tools to help clients with billing, reconciliation, bill reminders, and treasury services. The company was founded in 1868 and is headquartered in Champaign, Illinois.

BUSE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BUSE Stock News Headlines

March 19, 2024 | insidertrades.com

First Busey Co. (NASDAQ:BUSE) Director Sells $52,808.00 in Stock

April 16, 2024 | americanbankingnews.com

First Busey (BUSE) Set to Announce Quarterly Earnings on Tuesday

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April 4, 2024 | markets.businessinsider.com

First Busey Corp hosts conference call for investors

April 4, 2024 | msn.com

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April 1, 2024 | finance.yahoo.com

First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank

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First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank

March 30, 2024 | msn.com

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March 28, 2024 | theguardian.com

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March 26, 2024 | globenewswire.com

First Busey Corporation and Merchants and Manufacturers Bank Corporation Announce Election Deadline

March 26, 2024 | msn.com

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March 15, 2024 | msn.com

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February 24, 2024 | finance.yahoo.com

First Busey Corporation (BUSE)

February 23, 2024 | msn.com

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See More Headlines

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Company Calendar

Ex-Dividend for 1/26 Dividend: 1/18/2024
Last Earnings: 1/23/2024
Dividend Payable: 1/26/2024
Today: 4/16/2024
Ex-Dividend for 4/26 Dividend: 4/18/2024
Next Earnings (Confirmed): 4/23/2024
Dividend Payable: 4/26/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:BUSE
CUSIP: 31938310
CIK: 314489
Web: www.busey.com
Phone: (217) 365-4544
Fax: 217-365-4879
Employees: 1,479
Year Founded: 1868

Price Target and Rating

Average Stock Price Target: $24.50
High Stock Price Target: $27.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +10.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 10.21
Forward P/E Ratio: 10.36
P/E Growth: N/A
Net Income: $122.57 million
Net Margins: 20.37%
Pretax Margin: 25.58%
Return on Equity: 10.38%
Return on Assets: 1.03%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 0.79
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $601.76 million
Price / Sales: 2.03
Cash Flow: $3.25 per share
Price / Cash Flow: 6.82
Book Value: $23.02 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 55,250,000
Free Float: 51,159,000
Market Cap: $1.22 billion
Optionable: Optionable
Beta: 0.85

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Key Executives

Mr. Van A. Dukeman CFA (Age 65)
Chairman & CEO
Comp: $1.64M
Mr. Jeffrey D. Jones (Age 50)
Executive VP & CFO
Comp: $891.65k
Ms. Amy L. Randolph (Age 49)
Executive VP & COO
Comp: $840.85k
Mr. John J. Powers (Age 68)
Executive VP & General Counsel
Comp: $771.62k
Ms. Monica L. Bowe (Age 50)
Executive VP & Chief Risk Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BUSE Stock Analysis - Frequently Asked Questions

Should I buy or sell First Busey stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BUSE shares.
View BUSE analyst ratings or view top-rated stocks.
What is First Busey's stock price target for 2024?: 4 analysts have issued 12-month price objectives for First Busey's stock. Their BUSE share price targets range from $23.00 to $27.00. On average, they predict the company's stock price to reach $24.50 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for BUSE or view top-rated stocks among Wall Street analysts.
How have BUSE shares performed in 2024?: First Busey's stock was trading at $24.82 at the beginning of the year. Since then, BUSE shares have decreased by 10.7% and is now trading at $22.16.
View the best growth stocks for 2024 here.
When is First Busey's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our BUSE earnings forecast.
How were First Busey's earnings last quarter?: First Busey Co. (NASDAQ:BUSE) posted its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The bank earned $108.65 million during the quarter, compared to analysts' expectations of $107.74 million. First Busey had a trailing twelve-month return on equity of 10.38% and a net margin of 20.37%.
How often does First Busey pay dividends? What is the dividend yield for First Busey?: First Busey announced a quarterly dividend on Tuesday, April 9th. Investors of record on Friday, April 19th will be given a dividend of $0.24 per share on Friday, April 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, April 18th.
Read our dividend analysis for BUSE.

Is First Busey a good dividend stock?: First Busey (NASDAQ:BUSE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.32%. BUSE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 41.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BUSE.
What ETFs hold First Busey's stock?: ETFs with the largest weight of First Busey (NASDAQ:BUSE) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust NASDAQ ABA Community Bank Index Fund (QABA).
What is Van A. Dukeman's approval rating as First Busey's CEO?: 28 employees have rated First Busey Chief Executive Officer Van A. Dukeman on Glassdoor.com. Van A. Dukeman has an approval rating of 97% among the company's employees. This puts Van A. Dukeman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of First Busey own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Busey investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Ciner Resources (CINR), Agree Realty (ADC), Gran Tierra Energy (GTE), UMB Financial (UMBF) and Transocean (RIG).
How do I buy shares of First Busey?: Shares of BUSE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BUSE) was last updated on 4/16/2024 by MarketBeat.com Staff

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