NASDAQ:BUSE

First Busey (BUSE) Stock Forecast, Price & News

$19.22

+0.06 (+0.31%)

(As of 09/29/2023 08:52 PM ET)

Compare

Today's Range: $19.11
▼
$19.41
50-Day Range: $19.09
▼
$22.00
52-Week Range: $16.26
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$27.98

Volume: 140,500 shs
Average Volume: 179,142 shs
Market Capitalization: $1.06 billion

P/E Ratio: 7.94
Dividend Yield: 4.99%
Price Target: $23.33

First Busey MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 21.4% Upside
$23.33 Price Target
Short Interest: Healthy
2.02% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.49
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Acquiring Shares
$504,856 Bought Last Quarter
Proj. Earnings Growth: -9.59%
From $2.19 to $1.98 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Finance Sector

313th out of 861 stocks

State Commercial Banks Industry

81st out of 181 stocks

2.3

Analyst's Opinion

Consensus Rating
First Busey has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.33, First Busey has a forecasted upside of 21.4% from its current price of $19.22.
Amount of Analyst Coverage
First Busey has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.02% 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 6.3.
Change versus previous month
Short interest in First Busey has recently decreased by 2.83%, 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 4.99%, 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 39.67%. 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 48.48% 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.

3.3

News and Social Media Coverage

News Sentiment
First Busey has a news sentiment score of 1.89. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for First Busey this week, compared to 3 articles on an average week.
MarketBeat Follows
1 people have added First Busey to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Busey insiders have bought 128.66% more of their company's stock than they have sold. Specifically, they have bought $504,856.00 in company stock and sold $220,792.00 in company stock.
Percentage Held by Insiders
Only 7.10% of the stock of First Busey is held by insiders.
Percentage Held by Institutions
53.22% of the stock of First Busey is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for First Busey are expected to decrease by -9.59% in the coming year, from $2.19 to $1.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Busey is 7.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Busey is 7.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 64.23.
Price to Book Value per Share Ratio
First Busey has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Busey (NASDAQ:BUSE) Stock

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, FirsTech, and Wealth Management. 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 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 Wealth Management segment offers a range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. The company was founded in 1868 and is headquartered in Champaign, Illinois.

BUSE Price History

30 days | 90 days | 365 days | Advanced Chart

BUSE Stock News Headlines

September 11, 2023 | dailymail.co.uk

Gary Busey, 79, may have to re-take driver's test after being involved in MULTIPLE car accidents in the past few years

September 8, 2023 | msn.com

Gary Busey admits to being in hit-and-run accident but won't face charges

October 2, 2023 | Behind the Markets (Ad)

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September 7, 2023 | msn.com

Gary Busey Allegedly Involved in a Hit-and-Run

September 6, 2023 | news.yahoo.com

Gary Busey accused of hit-and-run in Malibu; victim shares footage appearing to back up claim

September 6, 2023 | news.yahoo.com

Actor Gary Busey Accused In Video Of Hitting Woman's Car And Fleeing

September 6, 2023 | msn.com

Gary Busey Caught on Video After Alleged Hit-and-Run in Malibu

September 6, 2023 | msn.com

Gary Busey Involved in Alleged Hit-and-Run, Again

October 2, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

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September 6, 2023 | msn.com

Gary Busey being investigated for alleged hit-and-run car accident

September 6, 2023 | msn.com

‘Sir, you hit my car’: Woman says Gary Busey rear-ended her, then ran. So she chased him

September 6, 2023 | cbsnews.com

Actor Gary Busey under investigation for alleged role in hit-and-run in Malibu

September 6, 2023 | msn.com

Actor Gary Busey being investigated for involvement in hit-and-run in Malibu

September 6, 2023 | msn.com

Actor Gary Busey Is Involved in a Possible Hit-and-Run

September 5, 2023 | yahoo.com

Gary Busey accused of hit-and-run in Malibu

September 5, 2023 | msn.com

Woman chases, confronts Gary Busey after alleged hit-and-run in Malibu, wild video shows

September 5, 2023 | msn.com

Gary Busey Was Allegedly Involved In Hit-And-Run Accident, And Woman Involved Makes Claims About Ensuing Confrontation With The Actor

September 5, 2023 | msn.com

Gary Busey allegedly involved in hit-and-run car accident in Malibu

August 25, 2023 | msn.com

Gary Busey's Daughter Alectra Is All Grown Up And Lives A Normal Life

August 25, 2023 | finance.yahoo.com

With 53% ownership, First Busey Corporation (NASDAQ:BUSE) boasts of strong institutional backing

August 5, 2023 | finance.yahoo.com

Bullish First Busey Insiders Loaded Up On US$1.2m Of Stock

August 2, 2023 | benzinga.com

Board Member At This Financials Company Buys $129K of Stock

August 2, 2023 | msn.com

First Busey (BUSE) Price Target Increased by 7.35% to 24.82

July 28, 2023 | benzinga.com

Surpassing Expectations: First Busey Unleashes Growth Potential and Rewards Investors

July 27, 2023 | finanznachrichten.de

First Busey Corporation: First Busey Announces 2023 Second Quarter Earnings

July 26, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on First Busey (BUSE)

July 26, 2023 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About First Busey

See More Headlines

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BUSE Company Calendar

Ex-Dividend for 7/28 Dividend: 7/20/2023
Last Earnings: 7/25/2023
Dividend Payable: 7/28/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:BUSE
CUSIP: 31938310
CIK: 314489
Web: www.busey.com
Phone: (217) 365-4544
Fax: 217-365-4879
Employees: 1,544
Year Founded: 1868

Price Target and Rating

Average Stock Price Forecast: $23.33
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $21.00
Forecasted Upside/Downside: +21.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.42
Trailing P/E Ratio: 7.94
Forward P/E Ratio: 8.78
P/E Growth: N/A
Net Income: $128.31 million
Net Margins: 24.80%
Pretax Margin: 31.51%
Return on Equity: 11.94%
Return on Assets: 1.12%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $486.79 million
Price / Sales: 2.18
Cash Flow: $3.43 per share
Price / Cash Flow: 5.60
Book Value: $20.75 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 55,280,000
Free Float: 51,356,000
Market Cap: $1.06 billion
Optionable: Optionable
Beta: 0.88

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Key Executives

Mr. Van A. Dukeman CFA (Age 64)
Chairman, Pres & CEO
Comp: $1.64M

Mr. Jeffrey D. Jones (Age 49)
Exec. VP & CFO
Comp: $891.65k

Mr. John J. Powers (Age 67)
Exec. VP & Gen. Counsel
Comp: $771.62k

Ms. Amy L. Randolph (Age 48)
Chief of Staff & Exec. VP of Pillar Relations
Comp: $840.85k

Mr. Robin N. Elliott (Age 46)
Pres & CEO of Busey Bank and FirsTech, Inc
Comp: $971.97k

Mr. Scott A. Phillips (Age 45)
Sr. VP of Corp. Controller & Principal Accounting Officer

Ted Rosinus
Exec. VP Investor Relations & Corp. Devel.

Ms. Monica L. Bowe (Age 49)
Exec. VP & Chief Risk Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BUSE Stock - Frequently Asked Questions

Should I buy or sell First Busey stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BUSE shares.
View BUSE analyst ratings or view top-rated stocks.
What is First Busey's stock price forecast for 2023?: 2 Wall Street research analysts have issued twelve-month price objectives for First Busey's stock. Their BUSE share price forecasts range from $21.00 to $25.00. On average, they anticipate the company's share price to reach $23.33 in the next twelve months. This suggests a possible upside of 21.4% 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 2023?: First Busey's stock was trading at $24.72 at the beginning of 2023. Since then, BUSE shares have decreased by 22.2% and is now trading at $19.22.
View the best growth stocks for 2023 here.
When is First Busey's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our BUSE earnings forecast.
How were First Busey's earnings last quarter?: First Busey Co. (NASDAQ:BUSE) released its quarterly earnings results on Tuesday, July, 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.04. The bank had revenue of $106.68 million for the quarter, compared to analysts' expectations of $113.96 million. First Busey had a trailing twelve-month return on equity of 11.94% and a net margin of 24.80%.
How often does First Busey pay dividends? What is the dividend yield for First Busey?: First Busey announced a quarterly dividend on Tuesday, July 11th. Investors of record on Friday, July 21st will be given a dividend of $0.24 per share on Friday, July 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, July 20th.
Read our dividend analysis for BUSE.
What ETF holds First Busey's stock ?: JPMorgan Active Small Cap Value ETF holds 5,922 shares of BUSE stock, representing 1.10% of its portfolio.
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 4.99%. 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 39.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 48.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BUSE.

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).
What is First Busey's stock symbol?: First Busey trades on the NASDAQ under the ticker symbol "BUSE."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is First Busey's stock price today?: One share of BUSE stock can currently be purchased for approximately $19.22.
How much money does First Busey make?: First Busey (NASDAQ:BUSE) has a market capitalization of $1.06 billion and generates $486.79 million in revenue each year. The bank earns $128.31 million in net income (profit) each year or $2.42 on an earnings per share basis.
How many employees does First Busey have?: The company employs 1,544 workers across the globe.
How can I contact First Busey?: First Busey's mailing address is 100 W. University Avenue, Champaign IL, 61820. The official website for the company is www.busey.com. The bank can be reached via phone at (217) 365-4544, via email at robin.elliott@busey.com, or via fax at 217-365-4879.

This page (NASDAQ:BUSE) was last updated on 10/2/2023 by MarketBeat.com Staff

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First Busey (BUSE) Stock Forecast, Price & News

First Busey MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About First Busey (NASDAQ:BUSE) Stock

BUSE Price History

BUSE Stock News Headlines

BUSE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

BUSE Stock - Frequently Asked Questions

Overall MarketRank^™