First Busey - BUSE Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" BUSE shares.
View BUSE analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month price objectives for First Busey's stock. Their BUSE share price forecasts range from $23.00 to $26.00. On average, they expect the company's stock price to reach $24.67 in the next twelve months. This suggests a possible upside of 18.9% 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 2023. Since then, BUSE shares have decreased by 16.1% and is now trading at $20.74.
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First Busey saw a decline in short interest in 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 trading volume, of 149,900 shares, the short-interest ratio is currently 3.7 days. Approximately 1.1% of the shares of the stock 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 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. The bank had revenue of $104.01 million for the quarter, compared to the consensus estimate of $102.41 million. First Busey had a net margin of 26.36% and a trailing twelve-month return on equity of 11.39%.

First Busey announced a quarterly dividend on Tuesday, January 10th. Investors of record on Friday, January 20th will be paid a dividend of $0.24 per share on Friday, January 27th. This represents a $0.96 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Thursday, January 19th. This is a positive change 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 many different institutional and retail investors. Top institutional shareholders 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.
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One share of BUSE stock can currently be purchased for approximately $20.74.

First Busey (NASDAQ:BUSE) has a market capitalization of $1.15 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.