About First Busey Corporation (NASDAQ:BUSE)
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. Louis, Missouri metropolitan area, southwest Florida and through its branch in Indianapolis, Indiana. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, philanthropic advisory services and farm and brokerage services. The Company conducts the business of banking and related services through Busey Bank. The Company’s subsidiaries also include First Community Financial Bank.
Industry, Sector and Symbol
Trailing P/E Ratio18.15
Forward P/E Ratio18.20
Sales & Book Value
Annual Sales$240.06 million
Price / Sales6.23
Cash Flow$1.76 per share
Price / Cash17.52
Book Value$17.19 per share
Price / Book1.79
Net Income$49.69 million
Return on Equity10.42%
Return on Assets1.18%
Frequently Asked Questions for First Busey Corporation (NASDAQ:BUSE)
What is First Busey Corporation's stock symbol?
First Busey Corporation trades on the NASDAQ under the ticker symbol "BUSE."
How often does First Busey Corporation pay dividends? What is the dividend yield for First Busey Corporation?
First Busey Corporation announced a quarterly dividend on Thursday, October 12th. Shareholders of record on Friday, October 20th will be given a dividend of $0.18 per share on Friday, October 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, October 19th. View First Busey Corporation's Dividend History.
How were First Busey Corporation's earnings last quarter?
First Busey Corporation (NASDAQ:BUSE) posted its quarterly earnings data on Tuesday, October, 25th. The bank reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. The bank had revenue of $64.88 million for the quarter, compared to analyst estimates of $63.08 million. First Busey Corporation had a net margin of 22.02% and a return on equity of 10.42%. View First Busey Corporation's Earnings History.
When will First Busey Corporation make its next earnings announcement?
Where is First Busey Corporation's stock going? Where will First Busey Corporation's stock price be in 2017?
3 equities research analysts have issued 1-year price targets for First Busey Corporation's stock. Their predictions range from $32.00 to $34.00. On average, they expect First Busey Corporation's stock price to reach $32.67 in the next twelve months. View Analyst Ratings for First Busey Corporation.
What are Wall Street analysts saying about First Busey Corporation stock?
Here are some recent quotes from research analysts about First Busey Corporation stock:
- 1. According to Zacks Investment Research, "First Busey Corporation is a financial holding company located in Urbana, Illinois. First Busey is engaged primarily in commercial, retail and correspondent banking and provides trust services, insurance services, and travel services. " (11/1/2017)
- 2. FBR & Co analysts commented, "We reiterate our Market Perform rating and $32 price target, equal to 17.3x our 2018 EPS estimate, on First Busey following 4Q16 results. Aside from soft mortgage banking, this was a relatively good quarter, with stronger net interest income, better loan growth that was back-end loaded in the quarter, and encouraging trends in newer markets. Full-year operating EPS grew 7% YOY. We like First Busey's strong profitability (1.06% ROAA, 12.3% ROTCE) and fee-rich (36% of revenue) income stream, but we remain on the sidelines given relative valuation. We reiterate our respective 2017 and 2018 operating EPS estimates of $1.75 and $1.85." (1/30/2017)
Who are some of First Busey Corporation's key competitors?
Some companies that are related to First Busey Corporation include Grupo Aval Acciones y Valores S.A. (AVAL), Glacier Bancorp (GBCI), Washington Federal (WAFD), BancorpSouth (BXS), Cybg Plc (CYBG), Community Bank System (CBU), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Simmons First National Corporation (SFNC), EverBank Financial Corp (EVER), First Midwest Bancorp (FMBI), Old National Bancorp (ONB), Astoria Financial Corp (AF), First Interstate BancSystem (FIBK), Close Brothers Group plc (CBG), Towne Bank (TOWN), Flagstar Bancorp (FBC) and First Merchants Corporation (FRME).
Who are First Busey Corporation's key executives?
First Busey Corporation's management team includes the folowing people:
- Gregory B. Lykins, Chairman of the Board (Age 69)
- Van A. Dukeman, President, Chief Executive Officer, Director (Age 58)
- Robin N. Elliott, Chief Financial Officer, Chief Operating Officer (Age 40)
- Curt A. Anderson, President and Chief Executive Officer of Busey Wealth Management (Age 61)
- Christopher M. Shroyer, President and Chief Executive Officer of Busey Bank (Age 51)
- Amy L. Randolph, Executive Vice President, Chief Brand Officer (Age 42)
- Howard F. Mooney II, Chief Information Officer; President and Chief Executive Officer of FirsTech, Inc. (Age 52)
- Barbara J. Harrington, Chief Risk Officer (Age 57)
- John J. Powers, General Counsel (Age 61)
- Robert F. Plecki Jr., Chief Credit Officer (Age 56)
Who owns First Busey Corporation stock?
First Busey Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.75%), Thompson Siegel & Walmsley LLC (1.17%), Principal Financial Group Inc. (1.03%), Thomson Horstmann & Bryant Inc. (1.03%), Bank of New York Mellon Corp (0.94%) and Hillcrest Asset Management LLC (0.69%). Company insiders that own First Busey Corporation stock include Curt A Anderson, David J Downey, George Barr, Jon D Stewart, Stanley J Bradshaw, Stephen V King and Thomas G Sloan. View Institutional Ownership Trends for First Busey Corporation.
Who sold First Busey Corporation stock? Who is selling First Busey Corporation stock?
First Busey Corporation's stock was sold by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Thompson Siegel & Walmsley LLC, Virginia Retirement Systems ET AL, Advisor Group Inc., First Trust Advisors LP, Allianz Asset Management GmbH, Hillcrest Asset Management LLC and Segall Bryant & Hamill LLC. Company insiders that have sold First Busey Corporation company stock in the last year include Curt A Anderson and George Barr. View Insider Buying and Selling for First Busey Corporation.
Who bought First Busey Corporation stock? Who is buying First Busey Corporation stock?
First Busey Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Crescent Grove Advisors LLC, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Rice Hall James & Associates LLC, Teachers Retirement System of The State of Kentucky, Bessemer Group Inc. and Wells Fargo & Company MN. Company insiders that have bought First Busey Corporation stock in the last two years include David J Downey, Jon D Stewart, Stanley J Bradshaw, Stephen V King and Thomas G Sloan. View Insider Buying and Selling for First Busey Corporation.
How do I buy First Busey Corporation stock?
Shares of First Busey Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Busey Corporation's stock price today?
One share of First Busey Corporation stock can currently be purchased for approximately $30.75.
How big of a company is First Busey Corporation?
First Busey Corporation has a market capitalization of $1.50 billion and generates $240.06 million in revenue each year. The bank earns $49.69 million in net income (profit) each year or $1.53 on an earnings per share basis. First Busey Corporation employs 1,295 workers across the globe.
How can I contact First Busey Corporation?
First Busey Corporation's mailing address is 100 W. University Avenue, Champaign IL, 61820. The bank can be reached via phone at 217-365-4544 or via email at [email protected]
MarketBeat Community Rating for First Busey Corporation (BUSE)MarketBeat's community ratings are surveys of what our community members think about First Busey Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for First Busey Corporation (NASDAQ:BUSE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$32.67 (6.23% upside)|
Consensus Price Target History for First Busey Corporation (NASDAQ:BUSE)
Analysts' Ratings History for First Busey Corporation (NASDAQ:BUSE)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/26/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$32.00||N/A|
|10/25/2017||FBR & Co||Reiterated Rating||Neutral -> Neutral||$32.00 -> $34.00||N/A|
|7/25/2017||Piper Jaffray Companies||Set Price Target||Hold||$32.00||Low|
|4/7/2016||DA Davidson||Initiated Coverage||Buy||$23.00||N/A|
|1/27/2016||Macquarie||Lower Price Target||Neutral||$22.00 -> $20.00||N/A|
|12/8/2015||KeyCorp||Reiterated Rating||Hold||$21.00 -> $23.00||N/A|
Earnings History and Estimates Chart for First Busey Corporation (NASDAQ:BUSE)
Earnings History by Quarter for First Busey Corporation (NASDAQ BUSE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.42||$0.43||$63.40 million||$62.43 million||View||N/A|
|4/25/2017||Q1 2017||$0.41||$0.41||$62.83 million||$62.03 million||View||N/A|
|10/25/2016||Q316||$0.40||$0.40||$63.08 million||$64.88 million||View||N/A|
|7/28/2016||Q2||$0.37||$0.40||$55.88 million||$56.53 million||View||N/A|
|4/26/2016||Q1||$0.36||$0.36||$45.46 million||$44.79 million||View||N/A|
|1/26/2016||Q415||$0.36||$0.36||$44.63 million||$45.91 million||View||N/A|
|10/27/2015||Q3||$0.34||$0.36||$43.97 million||$44.08 million||View||N/A|
|7/21/2015||Q2||$0.11||$0.11||$43.78 million||$43.97 million||View||N/A|
|1/27/2015||Q414||$0.10||$0.08||$40.70 million||$40.83 million||View||N/A|
|10/21/2014||Q314||$0.10||$0.10||$40.83 million||$40.12 million||View||N/A|
|7/22/2014||Q214||$0.09||$0.09||$40.66 million||$40.03 million||View||N/A|
|4/22/2014||Q1 14||$0.09||$0.09||$40.32 million||$39.54 million||View||N/A|
|7/23/2013||Q2 2013||$0.06||$0.08||$41.19 million||View||N/A|
|1/29/2013||Q4 2012||$0.05||$0.05||$41.85 million||View||N/A|
Earnings Estimates for First Busey Corporation (NASDAQ:BUSE)
2017 EPS Consensus Estimate: $1.73
2018 EPS Consensus Estimate: $2.04
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Busey Corporation (NASDAQ:BUSE)
|Most Recent Dividend:||10/27/2017|
|Payout Ratio:||47.06% (Trailing 12 Months of Earnings) |
42.60% (Based on This Year's Estimates)
35.64% (Based on Next Year's Estimates)
Dividend History by Quarter for First Busey Corporation (NASDAQ BUSE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for First Busey Corporation (NASDAQ BUSE)
Insider Ownership Percentage: 9.60%
Institutional Ownership Percentage: 44.40%
Insider Trades by Quarter for First Busey Corporation (NASDAQ BUSE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/30/2017||George Barr||Director||Sell||14,492||$31.30||$453,599.60|| |
|10/27/2017||George Barr||Director||Sell||1,665||$32.25||$53,696.25|| |
|10/6/2017||Jon D Stewart||Director||Buy||280||$31.76||$8,892.80|| |
|10/2/2017||Jon D Stewart||Director||Buy||235||$31.36||$7,369.60|| |
|8/2/2017||Curt A Anderson||Insider||Sell||1,400||$29.40||$41,160.00|| |
|7/3/2017||Jon D Stewart||Director||Buy||250||$29.81||$7,452.50|| |
|1/9/2017||Jon D Stewart||Director||Buy||256||$30.27||$7,749.12|| |
|12/22/2016||Jon D Stewart||Director||Buy||19||$30.30||$575.70|| |
|10/5/2016||Jon D Stewart||Director||Buy||380||$22.13||$8,409.40|| |
|8/8/2016||Thomas G Sloan||Director||Buy||458||$23.90||$10,946.20|| |
|7/29/2016||Stanley J Bradshaw||Director||Buy||1,603||$22.97||$36,820.91|| |
|7/1/2016||Jon D Stewart||Director||Buy||305||$21.16||$6,453.80|| |
|5/2/2016||David J Downey||Director||Buy||7,500||$20.60||$154,500.00|| |
|4/11/2016||Jon D Stewart||Director||Buy||330||$20.02||$6,606.60|| |
|3/11/2016||Stephen V King||Director||Buy||7,000||$20.08||$140,560.00|| |
|1/12/2016||Jon D Stewart||Director||Buy||318||$20.29||$6,452.22|| |
|9/15/2015||Robin N Elliott||CFO||Buy||2,000||$18.16||$36,320.00|| |
|9/11/2015||Robin N. Elliott||CFO||Buy||11,300||$18.02||$203,626.00|| |
|7/6/2015||Jon D Stewart||Director||Buy||1,015||$6.45||$6,546.75|| |
|3/9/2015||Howard F Mooney||CEO||Buy||7,770||$6.45||$50,116.50|| |
|11/7/2014||Stephen V King||Director||Buy||15,000||$6.41||$96,150.00|| |
|11/6/2014||Stephen V King||Director||Buy||35,000||$6.36||$222,600.00|| |
|12/10/2013||V Leister||Director||Sell||4,500||$5.74||$25,830.00|| |
|11/7/2013||E Phillips Knox||Director||Sell||3,100||$5.40||$16,740.00|| |
|2/11/2013||Stephen V King||Director||Buy||26,353||$4.52||$119,115.56|| |
|2/7/2013||Stephen V King||Director||Buy||26,350||$4.46||$117,521.00|| |
|2/6/2013||Stephen V King||Director||Buy||57,124||$4.54||$259,342.96|| |
Latest Headlines for First Busey Corporation (NASDAQ BUSE)
| Brokerages Anticipate First Busey Corporation (BUSE) Will Post Quarterly Sales of $82.39 Million|
www.americanbankingnews.com - November 18 at 6:04 AM
|Insider Selling: First Busey Corporation (BUSE) Director Sells 1,665 Shares of Stock|
www.americanbankingnews.com - November 15 at 9:32 PM
|First Busey Corporation (BUSE) Director Sells $453,599.60 in Stock|
www.americanbankingnews.com - November 15 at 8:22 PM
|First Busey Corporation (BUSE) Downgraded by ValuEngine|
www.americanbankingnews.com - November 11 at 7:00 PM
|First Busey Corporation (BUSE) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - November 9 at 1:34 AM
|First Busey Corporation Expected to Post Q1 2018 Earnings of $0.46 Per Share (BUSE)|
www.americanbankingnews.com - November 2 at 1:38 PM
|First Busey Corporation (BUSE) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - November 1 at 6:28 PM
|FY2017 EPS Estimates for First Busey Corporation Reduced by Analyst (BUSE)|
www.americanbankingnews.com - November 1 at 10:28 AM
|Financial Contrast: First Busey Corporation (BUSE) & The Bancorp (TBBK)|
www.americanbankingnews.com - October 28 at 11:18 PM
|FY2017 EPS Estimates for First Busey Corporation Reduced by FBR & Co (BUSE)|
www.americanbankingnews.com - October 27 at 9:38 AM
|First Busey Corporation (BUSE) Given Hold Rating at Keefe, Bruyette & Woods|
www.americanbankingnews.com - October 26 at 11:26 PM
|First Busey Corp. : BUSE-US: Dividend Analysis : October 20th, 2017 (record date) : By the numbers : October 26, 2017|
finance.yahoo.com - October 26 at 5:01 PM
|First Busey Corporation Forecasted to Post Q1 2019 Earnings of $0.51 Per Share (BUSE)|
www.americanbankingnews.com - October 26 at 4:04 PM
|First Busey Corporation (BUSE) Price Target Increased to $34.00 by Analysts at FBR & Co|
www.americanbankingnews.com - October 25 at 8:03 AM
|First Busey Corporation (BUSE) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS|
www.americanbankingnews.com - October 24 at 8:28 PM
|First Busey Announces 2017 Third Quarter Earnings|
finance.yahoo.com - October 24 at 7:03 PM
|First Busey misses Street 3Q forecasts|
finance.yahoo.com - October 24 at 7:03 PM
|What Do Analysts Think About First Busey Corporation’s (BUSE) Future?|
finance.yahoo.com - October 23 at 5:38 PM
|First Busey Corporation (BUSE) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - October 17 at 2:58 AM
|ETFs with exposure to First Busey Corp. : October 16, 2017|
finance.yahoo.com - October 16 at 5:31 PM
|First Busey Corporation (BUSE) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - October 15 at 2:28 AM
|Is First Busey Corporation (BUSE) A Sell At Its Current Price?|
finance.yahoo.com - October 13 at 5:26 PM
|Head to Head Survey: First Busey Corporation (BUSE) & Its Peers|
www.americanbankingnews.com - October 13 at 8:26 AM
|First Busey Corporation (BUSE) Announces $0.18 Quarterly Dividend|
www.americanbankingnews.com - October 12 at 5:18 PM
| Analysts Expect First Busey Corporation (BUSE) Will Post Quarterly Sales of $76.94 Million|
www.americanbankingnews.com - October 10 at 1:02 PM
|First Busey Corporation (BUSE) Expected to Announce Earnings of $0.46 Per Share|
www.americanbankingnews.com - October 8 at 2:12 AM
|First Busey Corporation (BUSE) to Post Q3 2017 Earnings of $0.47 Per Share, DA Davidson Forecasts|
www.americanbankingnews.com - October 5 at 6:52 AM
|ETFs with exposure to First Busey Corp. : October 4, 2017|
finance.yahoo.com - October 4 at 12:48 PM
|First Busey Corp. :BUSE-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017|
finance.yahoo.com - October 3 at 4:39 PM
|First Busey Corporation Finalizes Acquisition of Mid Illinois Bancorp, Inc. and South Side Trust & Savings Bank of Peoria|
feeds.benzinga.com - October 2 at 11:03 AM
|First Busey Corporation (BUSE) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - September 20 at 2:30 AM
|First Busey's executive compensation, stock ownership and more|
www.bizjournals.com - September 15 at 5:14 PM
|First Busey Corp. breached its 50 day moving average in a Bullish Manner : BUSE-US : September 13, 2017|
finance.yahoo.com - September 13 at 6:00 PM
|First Busey Corporation (BUSE) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - August 26 at 2:34 AM
|First Busey Corp. : BUSE-US: Dividend Analysis : July 21st, 2017 (record date) : By the numbers : August 25, 2017|
finance.yahoo.com - August 25 at 6:34 PM
|First Busey Corp. – Value Analysis (NASDAQ:BUSE) : August 14, 2017|
finance.yahoo.com - August 14 at 10:18 PM
|First Busey Corporation (NASDAQ:BUSE) Expected to Post Earnings of $0.46 Per Share|
www.americanbankingnews.com - August 13 at 8:56 AM
|See what the IHS Markit Score report has to say about First Busey Corp.|
finance.yahoo.com - August 10 at 3:02 AM
|First Busey Corporation (NASDAQ:BUSE) to Post FY2017 Earnings of $1.73 Per Share, FIG Partners Forecasts|
www.americanbankingnews.com - August 3 at 10:44 AM
|First Busey Corporation (NASDAQ:BUSE) Insider Sells $41,160.00 in Stock|
www.americanbankingnews.com - August 2 at 4:28 PM
|FIG Partners Analysts Decrease Earnings Estimates for First Busey Corporation (NASDAQ:BUSE)|
www.americanbankingnews.com - August 2 at 7:48 AM
|First Busey Corporation (NASDAQ:BUSE) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - August 1 at 8:01 AM
|Form 4 FIRST BUSEY CORP /NV/ For: Jul 28|
www.streetinsider.com - July 31 at 4:50 PM
|First Busey Corp. breached its 50 day moving average in a Bearish Manner : BUSE-US : July 31, 2017|
finance.yahoo.com - July 31 at 4:50 PM
|First Busey Corporation (NASDAQ:BUSE) Short Interest Down 44.3% in July|
www.americanbankingnews.com - July 29 at 7:15 AM
|$76.31 Million in Sales Expected for First Busey Corporation (NASDAQ:BUSE) This Quarter|
www.americanbankingnews.com - July 28 at 9:34 PM
|BRIEF-First Busey Corp appointed George Barr as a director|
www.reuters.com - July 28 at 6:21 PM
|Short Interest In First Busey Falls 44.3%|
www.thestreet.com - July 27 at 3:55 AM
|First Busey Corporation (NASDAQ:BUSE) PT Set at $32.00 by Piper Jaffray Companies|
www.americanbankingnews.com - July 26 at 11:59 PM
|First Busey Corporation (NASDAQ:BUSE) Announces Earnings Results|
www.americanbankingnews.com - July 26 at 12:30 PM
First Busey Corporation (NASDAQ BUSE) Chart for Friday, November, 24, 2017