First Busey Company Profile (NASDAQ:BUSE)

About First Busey (BUSE)

First Busey logoFirst 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, tax preparation, philanthropic advisory services and farm and brokerage services. The Company conducts the business of banking and related services through Busey Bank (the Bank).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: BUSE
  • CUSIP: 31938310
Key Metrics:
  • Previous Close: $28.88
  • 50 Day Moving Average: $30.24
  • 200 Day Moving Average: $27.36
  • 52-Week Range: $38,231,000.00 - $19.00
  • Trailing P/E Ratio: 20.63
  • Foreward P/E Ratio: 14.16
  • P/E Growth: 2.73
  • Market Cap: $1.10B
  • Outstanding Shares: 38,231,000
  • Beta: 0.86
Profitability:
  • Net Margins: 20.70%
  • Return on Equity: 10.65%
  • Return on Assets: 1.11%
Debt:
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 0.91%
  • Quick Ratio: 0.86%

Analyst Ratings

Consensus Ratings for First Busey (NASDAQ:BUSE) (?)
Ratings Breakdown: 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $27.50 (4.78% downside)

Analysts' Ratings History for First Busey (NASDAQ:BUSE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/30/2017FBR & CoReiterated RatingMarket Perform$32.00N/AView Rating Details
1/12/2017Piper Jaffray CompaniesInitiated CoverageNeutral$32.00N/AView Rating Details
8/1/2016Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$22.00 -> $23.00N/AView Rating Details
4/7/2016DA DavidsonInitiated CoverageBuy$23.00N/AView Rating Details
1/27/2016MacquarieLower Price TargetNeutral$22.00 -> $20.00N/AView Rating Details
12/21/2015StephensInitiated CoverageOverweightN/AView Rating Details
12/8/2015KeyCorpReiterated RatingHold$21.00 -> $23.00N/AView Rating Details
9/17/2015Sandler O'NeillUpgradeHold -> Buy$21.00N/AView Rating Details
(Data available from 3/25/2015 forward)

Earnings

Earnings History for First Busey (NASDAQ:BUSE)
Earnings by Quarter for First Busey (NASDAQ:BUSE)
Earnings History by Quarter for First Busey (NASDAQ:BUSE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
10/25/2016Q316$0.40$0.40ViewN/AView Earnings Details
4/26/2016Q1$0.36$0.36ViewN/AView Earnings Details
1/26/2016Q415$0.36$0.36$44.80 millionViewN/AView Earnings Details
10/27/2015Q3$0.34$0.36ViewN/AView Earnings Details
7/21/2015Q2$0.11$0.11ViewN/AView Earnings Details
4/28/2015Q115$0.10$0.10ViewN/AView Earnings Details
1/27/2015Q414$0.10$0.08ViewN/AView Earnings Details
10/21/2014Q314$0.10$0.10$40.88 millionViewN/AView Earnings Details
7/22/2014Q214$0.09$0.09$40.53 millionViewN/AView Earnings Details
4/22/2014Q1 14$0.09$0.09ViewN/AView Earnings Details
1/28/2014Q413$0.08$0.07ViewN/AView Earnings Details
10/29/2013Q313$0.08$0.08$41.41 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.06$0.08$41.19 millionViewN/AView Earnings Details
1/29/2013Q4 2012$0.05$0.05$41.85 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Busey (NASDAQ:BUSE)
Current Year EPS Consensus Estimate: $1.76 EPS
Next Year EPS Consensus Estimate: $2.04 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.36$0.37$0.37
Q2 20162$0.35$0.36$0.36
Q3 20163$0.37$0.40$0.38
Q4 20163$0.39$0.41$0.40
Q1 20173$0.38$0.42$0.40
Q2 20173$0.43$0.43$0.43
Q3 20173$0.42$0.49$0.45
Q4 20173$0.45$0.53$0.48
Q1 20183$0.45$0.52$0.47
Q2 20183$0.48$0.53$0.51
Q3 20183$0.50$0.57$0.54
Q4 20183$0.52$0.58$0.55
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for First Busey (NASDAQ:BUSE)
Most Recent Dividend:2/3/2017
Annual Dividend:$0.72
Dividend Yield:2.49%
Payout Ratio:51.06% (Trailing 12 Months of Earnings)
40.91% (Based on This Year's Estimates)
35.29% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Busey (NASDAQ:BUSE)

Dividend History by Quarter for First Busey (NASDAQ:BUSE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/19/2017quarterly$0.182.4%1/25/20171/27/20172/3/2017
10/12/2016Quarterly$0.173.11%10/19/201610/21/201610/28/2016
7/14/2016quarterly$0.172.98%7/20/20167/22/20167/29/2016
4/14/2016quarterly$0.173.28%4/20/20164/22/20164/29/2016
1/14/2016quarterly$0.173.43%1/20/20161/22/20161/29/2016
10/15/2015special$0.1710/21/201510/23/201510/30/2015
7/16/2015quarterly$0.053%7/22/20157/24/20157/31/2015
4/15/2015quarterly$0.052.98%4/22/20154/24/20155/1/2015
1/14/2015quarterly$0.053.23%1/21/20151/23/20151/30/2015
10/9/2014quarterly$0.053.64%10/15/201410/17/201410/24/2014
7/10/2014quarterly$0.053.51%7/16/20147/18/20147/25/2014
4/10/2014quarterly$0.053.54%4/15/20144/18/20144/25/2014
1/16/2014quarterly$0.042.82%1/22/20141/24/20141/31/2014
10/17/2013quarterly$0.043.06%10/23/201310/25/201311/1/2013
7/11/2013quarterly$0.043.36%7/17/20137/19/20137/26/2013
4/11/2013quarterly$0.043.65%4/17/20134/19/20134/26/2013
12/18/2012special$0.0412/20/201212/24/201212/31/2012
12/18/2012quarterly$0.0412/20/201212/24/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Busey (NASDAQ:BUSE)
Insider Ownership Percentage: 11.50%
Institutional Ownership Percentage: 47.87%
Insider Trades by Quarter for First Busey (NASDAQ:BUSE)
Institutional Ownership by Quarter for First Busey (NASDAQ:BUSE)
Insider Trades by Quarter for First Busey (NASDAQ:BUSE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/9/2017Jon D StewartDirectorBuy256$30.27$7,749.12View SEC Filing  
12/22/2016Jon D StewartDirectorBuy19$30.30$575.70View SEC Filing  
10/5/2016Jon D StewartDirectorBuy380$22.13$8,409.40View SEC Filing  
8/8/2016Thomas G SloanDirectorBuy458$23.90$10,946.20View SEC Filing  
7/29/2016Stanley J BradshawDirectorBuy1,603$22.97$36,820.91View SEC Filing  
7/1/2016Jon D StewartDirectorBuy305$21.16$6,453.80View SEC Filing  
5/2/2016David J DowneyDirectorBuy7,500$20.60$154,500.00View SEC Filing  
4/11/2016Jon D StewartDirectorBuy330$20.02$6,606.60View SEC Filing  
3/11/2016Stephen V KingDirectorBuy7,000$20.08$140,560.00View SEC Filing  
1/12/2016Jon D StewartDirectorBuy318$20.29$6,452.22View SEC Filing  
9/15/2015Robin N ElliottCFOBuy2,000$18.16$36,320.00View SEC Filing  
9/11/2015Robin N. ElliottCFOBuy11,300$18.02$203,626.00View SEC Filing  
7/6/2015Jon D StewartDirectorBuy1,015$6.45$6,546.75View SEC Filing  
3/9/2015Howard F MooneyCEOBuy7,770$6.45$50,116.50View SEC Filing  
11/7/2014Stephen V KingDirectorBuy15,000$6.41$96,150.00View SEC Filing  
11/6/2014Stephen V KingDirectorBuy35,000$6.36$222,600.00View SEC Filing  
12/10/2013V LeisterDirectorSell4,500$5.74$25,830.00View SEC Filing  
11/7/2013E Phillips KnoxDirectorSell3,100$5.40$16,740.00View SEC Filing  
2/11/2013Stephen V KingDirectorBuy26,353$4.52$119,115.56View SEC Filing  
2/7/2013Stephen V KingDirectorBuy26,350$4.46$117,521.00View SEC Filing  
2/6/2013Stephen V KingDirectorBuy57,124$4.54$259,342.96View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for First Busey (NASDAQ:BUSE)
Latest Headlines for First Busey (NASDAQ:BUSE)
Source:
DateHeadline
americanbankingnews.com logoZacks Investment Research Lowers First Busey Co. (BUSE) to Hold
www.americanbankingnews.com - March 21 at 10:19 AM
americanbankingnews.com logoWeekly Research Analysts’ Ratings Changes for First Busey (BUSE)
www.americanbankingnews.com - March 17 at 2:45 PM
reuters.com logoBRIEF-First Busey Corp, mid Illinois Bancorp to merge for about $133.4 mln
www.reuters.com - March 14 at 10:06 AM
us.rd.yahoo.com logo5:01 pm First Busey Corp to acquire Mid Illinois Bancorp for approximately $133.4 million
us.rd.yahoo.com - March 14 at 10:06 AM
finance.yahoo.com logoFIRST BUSEY CORP /NV/ Financials
finance.yahoo.com - March 10 at 4:58 PM
forbes.com logoThis Bot's For You, How To Reprogram AI Bot Robots
www.forbes.com - March 9 at 4:39 PM
biz.yahoo.com logoFIRST BUSEY CORP /NV/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 1 at 10:42 AM
bizjournals.com logoFirst Busey makes another acquisition
www.bizjournals.com - February 8 at 4:17 PM
biz.yahoo.com logoFIRST BUSEY CORP /NV/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Stateme
biz.yahoo.com - February 8 at 4:17 PM
streetinsider.com logoForm 4 FIRST BUSEY CORP /NV/ For: Dec 31 Filed by: DUKEMAN VAN A - StreetInsider.com
www.streetinsider.com - February 7 at 5:07 PM
streetinsider.com logoFirst Busey (BUSE) and First Community (FCFP) to Merge in $235.8 ... - StreetInsider.com
www.streetinsider.com - February 6 at 9:06 PM
seekingalpha.com logoThird Portfolio Review - 'The Accelerated Dividend Portfolio'
seekingalpha.com - January 30 at 9:05 PM
globenewswire.com logoFirst Busey Announces 2016 Fourth Quarter Earnings and Full Year Results - GlobeNewswire (press release)
globenewswire.com - January 28 at 4:07 PM
reuters.com logoBRIEF-First Busey reports Q4 EPS $0.30
www.reuters.com - January 28 at 3:12 AM
us.rd.yahoo.com logoFirst Busey Announces 2016 Fourth Quarter Earnings and Full Year Results
us.rd.yahoo.com - January 27 at 5:10 PM
biz.yahoo.com logoFIRST BUSEY CORP /NV/ Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - January 27 at 5:10 PM
finance.yahoo.com logoFirst Busey Announces 2016 Fourth Quarter Earnings and Full Year Results - Yahoo Finance
finance.yahoo.com - January 26 at 9:53 PM
reuters.com logoBRIEF-First Busey says quarterly dividend of $0.18 per share, up 6 pct
www.reuters.com - January 18 at 2:49 AM
us.rd.yahoo.com logoCoverage initiated on First Busey Corp by Piper Jaffray
us.rd.yahoo.com - January 12 at 4:22 PM
streetinsider.com logoForm 4 FIRST BUSEY CORP /NV/ For: Jan 09 Filed by: Stewart Jon D
www.streetinsider.com - January 10 at 4:39 PM

Social

Frequently Asked Questions for First Busey (NASDAQ:BUSE)

What is First Busey's stock symbol?

First Busey trades on the NASDAQ under the ticker symbol "BUSE."

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

First Busey announced a quarterly dividend on Thursday, January 19th. Shareholders of record on Friday, January 27th will be given a dividend of $0.18 per share on Friday, February 3rd. This represents a $0.72 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, January 25th. This is a boost from First Busey's previous quarterly dividend of $0.17.

How were First Busey's earnings last quarter?

First Busey Co. (NASDAQ:BUSE) issued its earnings results on Tuesday, October, 25th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.40. First Busey had a return on equity of 10.65% and a net margin of 20.70%.

When will First Busey make its next earnings announcement?

First Busey is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

Where is First Busey's stock going? Where will First Busey's stock price be in 2017?

4 equities research analysts have issued twelve-month target prices for First Busey's stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate First Busey's share price to reach $27.50 in the next twelve months.

What are analysts saying about First Busey stock?

Here are some recent quotes from research analysts about First Busey 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. " (3/15/2017)
  • 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 owns First Busey stock?

First Busey's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.25%), Skyline Asset Management LP (3.01%), Columbia Wanger Asset Management LLC (2.03%), State Street Corp (1.50%), Thompson Siegel & Walmsley LLC (1.29%) and Renaissance Technologies LLC (0.95%). Company insiders that own First Busey stock include David J Downey, Jon D Stewart, Robin N Elliott, Stanley J Bradshaw, Stephen V King and Thomas G Sloan.

Who sold First Busey stock? Who is selling First Busey stock?

First Busey's stock was sold by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, Thompson Siegel & Walmsley LLC, Putnam Investments LLC, Two Sigma Investments LP, Systematic Financial Management LP, GSA Capital Partners LLP and Martingale Asset Management L P.

Who bought First Busey stock? Who is buying First Busey stock?

First Busey's stock was acquired by a variety of institutional investors in the last quarter, including Columbia Wanger Asset Management LLC, John W. Rosenthal Capital Management Inc., State Street Corp, Dimensional Fund Advisors LP, AQR Capital Management LLC, Russell Investments Group Ltd., Cornercap Investment Counsel Inc. and Gamco Investors INC. ET AL. Company insiders that have bought First Busey stock in the last two years include David J Downey, Jon D Stewart, Robin N Elliott, Stanley J Bradshaw, Stephen V King and Thomas G Sloan.

How do I buy First Busey stock?

Shares of First Busey can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of First Busey stock cost?

One share of First Busey stock can currently be purchased for approximately $28.88.

First Busey (BUSE) Chart for Saturday, March, 25, 2017

This page was last updated on 3/25/2017 by MarketBeat.com Staff