First Busey - BUSE Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last year. There are currently 1 hold rating and 1 buy rating 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.

2 analysts have issued 12 month target prices for First Busey's stock. Their BUSE share price forecasts range from $23.00 to $26.00. On average, they anticipate the company's stock price to reach $24.67 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for BUSE or view top-rated stocks among Wall Street analysts.

First Busey's stock was trading at $24.72 at the beginning of the year. Since then, BUSE shares have decreased by 14.1% and is now trading at $21.23.
View the best growth stocks for 2023 here.

First Busey saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 561,200 shares, a decline of 11.7% from the February 13th total of 635,400 shares. Based on an average daily volume of 149,900 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.1% of the shares of the company are short sold.
View First Busey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our BUSE earnings forecast.

First Busey Co. (NASDAQ:BUSE) announced its quarterly earnings data on Monday, October, 25th. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The bank earned $104.01 million during the quarter, compared to analyst estimates of $102.41 million. First Busey had a trailing twelve-month return on equity of 11.39% and a net margin of 26.36%.

First Busey declared a quarterly dividend on Tuesday, January 10th. Investors of record on Friday, January 20th will be given a dividend of $0.24 per share on Friday, January 27th. This represents a $0.96 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, January 19th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for BUSE.

ETFs with the largest weight of First Busey (NASDAQ:BUSE) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd (CSA), Timothy Plan US Small Cap Core ETF (TPSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Hartford Multifactor Small Cap ETF (ROSC).

First Busey (NASDAQ:BUSE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.63%. 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 41.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BUSE.

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.

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).

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

First Busey's stock is owned by a variety of institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (58.13%), Dimensional Fund Advisors LP (5.57%), LSV Asset Management (2.38%), Geode Capital Management LLC (1.79%), Victory Capital Management Inc. (1.53%) and Victory Capital Management Inc. (1.53%). Insiders that own company stock include Cassandra R Sanford, George Barr, Gregory B Lykins, Michael David Cassens, Stanley J Bradshaw, Stephen V King and Van A Dukeman.
View institutional ownership trends.

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.

One share of BUSE stock can currently be purchased for approximately $21.23.

First Busey (NASDAQ:BUSE) has a market capitalization of $1.17 billion and generates $486.79 million in revenue each year. The bank earns $128.31 million in net income (profit) each year or $2.29 on an earnings per share basis.

The company employs 1,544 workers across the globe.

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.