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, 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: Banks - NEC
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:BUSE
- CUSIP: 31938310
- Web: www.busey.com
- Market Cap: $1.1 billion
- Outstanding Shares: 38,244,000
- 50 Day Moving Avg: $29.44
- 200 Day Moving Avg: $29.84
- 52 Week Range: $20.05 - $32.22
Sales & Book Value:
- Trailing P/E Ratio: 20.16
- Foreward P/E Ratio: 14.23
- P/E Growth: 2.79
- Annual Revenue: $242.02 million
- Price / Sales: 4.57
- Book Value: $15.75 per share
- Price / Book: 1.83
- Annual Dividend: $0.72
- Dividend Yield: 2.5%
- Net Margins: 21.05%
- Return on Equity: 10.25%
- Return on Assets: 1.11%
- Debt-to-Equity Ratio: 0.25%
- Current Ratio: 0.94%
- Quick Ratio: 0.92%
- Average Volume: 122,886 shs.
- Beta: 0.99
- Short Ratio: 4.81
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 declared a quarterly dividend on Wednesday, April 12th. Stockholders of record on Friday, April 21st will be given a dividend of $0.18 per share on Friday, April 28th. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Wednesday, April 19th. View First Busey Corporation's Dividend History.
How were First Busey Corporation's earnings last quarter?
First Busey Corporation (NASDAQ:BUSE) posted its earnings results on Tuesday, April, 25th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.41. The company earned $62.03 million during the quarter, compared to the consensus estimate of $62.83 million. First Busey Corporation had a return on equity of 10.25% and a net margin of 21.05%. View First Busey Corporation's Earnings History.
Where is First Busey Corporation's stock going? Where will First Busey Corporation's stock price be in 2017?
3 brokerages have issued twelve-month price objectives for First Busey Corporation's shares. Their predictions range from $31.00 to $32.00. On average, they anticipate First Busey Corporation's stock price to reach $31.67 in the next year. View Analyst Ratings for First Busey Corporation.
What are 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. " (5/16/2017)
- 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)
Are investors shorting First Busey Corporation?
First Busey Corporation saw a decrease in short interest in May. As of May 15th, there was short interest totalling 572,193 shares, a decrease of 3.3% from the April 28th total of 591,822 shares. Based on an average trading volume of 128,032 shares, the days-to-cover ratio is presently 4.5 days.
Who are some of First Busey Corporation's key competitors?
Some companies that are related to First Busey Corporation include Astoria Financial Corporation (AF), Capital Bank Financial Corp. (CBF), Renasant Corporation (RNST), Capitol Federal Financial (CFFN), Towne Bank (TOWN), Banner Corporation (BANR), Cadence Bancorp (CADE), Flagstar Bancorp (FBC), LegacyTexas Financial Group (LTXB), Ameris Bancorp (ABCB), WesBanco (WSBC), First Financial Bancorp. (FFBC), First Interstate BancSystem (FIBK), First Merchants Corporation (FRME), Simmons First National Corporation (SFNC), Northwest Bancshares (NWBI), Park National (PRK) and NBT Bancorp (NBTB).
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
- Van A. Dukeman, President, Chief Executive Officer, Director
- Robin N. Elliott, Chief Financial Officer, Chief Operating Officer
- Curt A. Anderson, President and Chief Executive Officer of Busey Wealth Management
- Christopher M. Shroyer, President and Chief Executive Officer of Busey Bank
- Amy L. Randolph, Executive Vice President, Chief Brand Officer
- Howard F. Mooney II, Chief Information Officer; President and Chief Executive Officer of FirsTech, Inc.
- Barbara J. Harrington, Chief Risk Officer
- John J. Powers, General Counsel
- Robert F. Plecki Jr., Chief Credit Officer
Who owns First Busey Corporation stock?
First Busey Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (6.80%), Dimensional Fund Advisors LP (4.44%), Vanguard Group Inc. (3.81%), Columbia Wanger Asset Management LLC (2.22%), Nuveen Asset Management LLC (1.70%) and Thomson Horstmann & Bryant Inc. (1.51%). Company insiders that own First Busey Corporation stock include David J Downey, Jon D Stewart, Robin N Elliott, 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 Morgan Stanley, JPMorgan Chase & Co., LSV Asset Management, JCSD Capital LLC, Prudential Financial Inc., ClariVest Asset Management LLC, Nordea Investment Management AB and State Street Corp. 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 bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Bank of New York Mellon Corp, Thomson Horstmann & Bryant Inc., Principal Financial Group Inc., Vanguard Group Inc., Bank of America Corp DE, Columbia Wanger Asset Management LLC and Dimensional Fund Advisors LP. Company insiders that have bought First Busey Corporation 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. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Busey Corporation's stock price today?
MarketBeat Community Rating for First Busey Corporation (NASDAQ 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.
One share of First Busey Corporation stock can currently be purchased for approximately $28.89.
Consensus Ratings for First Busey Corporation (NASDAQ:BUSE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||3 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$31.67 (9.61% upside)|
Analysts' Ratings History for First Busey Corporation (NASDAQ:BUSE)
(Data available from 6/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/26/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$31.00||N/A|
|1/30/2017||FBR & Co||Reiterated Rating||Market Perform||$32.00||N/A|
|1/12/2017||Piper Jaffray Companies||Initiated Coverage||Neutral||$32.00||N/A|
|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|
|9/17/2015||Sandler O'Neill||Upgrade||Hold -> Buy||$21.00||N/A|
Earnings History 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|
|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: $1.75
2018 EPS Consensus Estimate: $2.06
(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:||4/28/2017|
|Payout Ratio:||50.00% (Trailing 12 Months of Earnings) |
42.11% (Based on This Year's Estimates)
35.47% (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%Insider Trades by Quarter for First Busey Corporation (NASDAQ:BUSE)
Institutional Ownership Percentage: 51.91%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Headline Trends for First Busey Corporation (NASDAQ:BUSE)
Latest Headlines for First Busey Corporation (NASDAQ:BUSE)
|First Busey Corporation (BUSE) Downgraded to "Sell" at BidaskClub|
www.americanbankingnews.com - June 24 at 8:28 PM
|First Busey Corp. breached its 50 day moving average in a Bearish Manner : BUSE-US : June 21, 2017|
finance.yahoo.com - June 21 at 5:09 PM
|ETFs with exposure to First Busey Corp. : June 20, 2017|
finance.yahoo.com - June 20 at 3:28 PM
|First Busey Corp. :BUSE-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017|
finance.yahoo.com - June 19 at 12:58 PM
|First Busey Corp. – Value Analysis (NASDAQ:BUSE) : June 12, 2017|
finance.yahoo.com - June 12 at 5:06 PM
|First Busey Corporation (BUSE) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - June 12 at 11:24 AM
|First Busey Corporation (BUSE) Upgraded by ValuEngine to "Buy"|
www.americanbankingnews.com - June 12 at 12:10 AM
|First Busey Co. (BUSE) Upgraded to "Hold" at BidaskClub|
www.americanbankingnews.com - June 10 at 10:32 PM
|First Busey Corp. breached its 50 day moving average in a Bullish Manner : BUSE-US : June 9, 2017|
finance.yahoo.com - June 9 at 4:39 PM
|First Busey Co. (BUSE) Expected to Announce Quarterly Sales of $63.40 Million|
www.americanbankingnews.com - June 7 at 8:48 AM
|First Busey Co. (BUSE) Expected to Post Earnings of $0.42 Per Share|
www.americanbankingnews.com - June 5 at 10:10 PM
|First Busey Co. (BUSE) Short Interest Down 3.3% in May|
www.americanbankingnews.com - June 3 at 10:34 PM
|First Busey Co. (BUSE) Given "Hold" Rating at Keefe, Bruyette & Woods|
www.americanbankingnews.com - May 27 at 10:54 AM
|First Busey Co. (BUSE) Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - May 16 at 5:16 PM
|First Busey Corp. breached its 50 day moving average in a Bearish Manner : BUSE-US : May 15, 2017|
finance.yahoo.com - May 15 at 10:33 AM
|$0.42 EPS Expected for First Busey Co. (BUSE) This Quarter|
www.americanbankingnews.com - May 10 at 7:40 AM
|FBR & Co Comments on First Busey Co.'s Q4 2017 Earnings (BUSE)|
www.americanbankingnews.com - May 4 at 5:20 PM
|FIG Partners Weighs in on First Busey Co.'s Q2 2017 Earnings (BUSE)|
www.americanbankingnews.com - May 3 at 8:48 AM
|First Busey Co. (BUSE) to Post Q2 2017 Earnings of $0.41 Per Share, FBR & Co Forecasts|
www.americanbankingnews.com - May 3 at 8:48 AM
|First Busey (BUSE) Given Media Impact Rating of 0.31|
www.americanbankingnews.com - May 2 at 12:20 PM
|Somewhat Positive Media Coverage Somewhat Likely to Impact First Busey (BUSE) Share Price|
www.americanbankingnews.com - April 29 at 5:27 PM
|First Busey Co. to Post FY2017 Earnings of $1.85 Per Share, DA Davidson Forecasts (BUSE)|
www.americanbankingnews.com - April 28 at 5:20 PM
|First Busey Co. (BUSE) Releases Quarterly Earnings Results, Meets Expectations|
www.americanbankingnews.com - April 26 at 3:48 PM
|First Busey (BUSE) Receives Coverage Optimism Rating of 0.14|
www.americanbankingnews.com - April 26 at 2:32 PM
|First Busey Announces 2017 First Quarter Earnings|
finance.yahoo.com - April 26 at 8:33 AM
|First Busey meets 1Q profit forecasts|
marketbeat.com - April 25 at 5:52 PM
|First Busey Corp. breached its 50 day moving average in a Bullish Manner : BUSE-US : April 24, 2017|
finance.yahoo.com - April 24 at 9:57 AM
|First Busey Corp. : BUSE-US: Dividend Analysis : April 21st, 2017 (record date) : By the numbers : April 20, 2017|
finance.yahoo.com - April 20 at 4:12 PM
|First Busey (BUSE) Earns Daily News Sentiment Score of -0.08|
www.americanbankingnews.com - April 20 at 3:40 PM
|$0.41 Earnings Per Share Expected for First Busey Co. (BUSE) This Quarter|
www.americanbankingnews.com - April 19 at 10:39 AM
|First Busey Co. (buse) Declares $0.18 Quarterly Dividend|
www.americanbankingnews.com - April 13 at 10:52 AM
|Zacks Investment Research Lowers First Busey Co. (BUSE) to Hold|
www.americanbankingnews.com - March 21 at 10:19 AM
|Weekly Research Analysts’ Ratings Changes for First Busey (BUSE)|
www.americanbankingnews.com - March 17 at 2:45 PM
|BRIEF-First Busey Corp, mid Illinois Bancorp to merge for about $133.4 mln|
www.reuters.com - March 14 at 10:06 AM
|5:01 pm First Busey Corp to acquire Mid Illinois Bancorp for approximately $133.4 million|
us.rd.yahoo.com - March 14 at 10:06 AM
|FIRST BUSEY CORP /NV/ Financials|
finance.yahoo.com - March 10 at 4:58 PM
|This Bot's For You, How To Reprogram AI Bot Robots|
www.forbes.com - March 9 at 4:39 PM
|FIRST BUSEY CORP /NV/ Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 1 at 10:42 AM
|First Busey makes another acquisition|
www.bizjournals.com - February 8 at 4:17 PM
|FIRST 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
|Form 4 FIRST BUSEY CORP /NV/ For: Dec 31 Filed by: DUKEMAN VAN A - StreetInsider.com|
www.streetinsider.com - February 7 at 5:07 PM
|First Busey (BUSE) and First Community (FCFP) to Merge in $235.8 ... - StreetInsider.com|
www.streetinsider.com - February 6 at 9:06 PM
|Third Portfolio Review - 'The Accelerated Dividend Portfolio'|
seekingalpha.com - January 30 at 9:05 PM
|First Busey Announces 2016 Fourth Quarter Earnings and Full Year Results - GlobeNewswire (press release)|
globenewswire.com - January 28 at 4:07 PM
|BRIEF-First Busey reports Q4 EPS $0.30|
www.reuters.com - January 28 at 3:12 AM
|First Busey Announces 2016 Fourth Quarter Earnings and Full Year Results|
us.rd.yahoo.com - January 27 at 5:10 PM
|FIRST BUSEY CORP /NV/ Files SEC form 8-K, Results of Operations and Financial Condition|
us.rd.yahoo.com - January 27 at 5:10 PM
|First Busey Announces 2016 Fourth Quarter Earnings and Full Year Results - Yahoo Finance|
finance.yahoo.com - January 26 at 9:53 PM
|BRIEF-First Busey says quarterly dividend of $0.18 per share, up 6 pct|
www.reuters.com - January 18 at 2:49 AM
|Coverage initiated on First Busey Corp by Piper Jaffray|
us.rd.yahoo.com - January 12 at 4:22 PM
First Busey Corporation (BUSE) Chart for Tuesday, June, 27, 2017