NASDAQ:BUSEFirst Busey Stock Price, Forecast & News

$20.21

+1.24 (+6.54 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$19.36

Now: $20.21▼

$20.68

50-Day Range

$15.03

MA: $16.91▼

$19.20

52-Week Range

$11.00

Now: $20.21▼

$28.00

Volume176,936 shs

Average Volume205,150 shs

Market Capitalization$1.10 billion

P/E Ratio12.03

Dividend Yield4.64%

Beta1.12

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. The company operates in three segments: Banking, Remittance Processing, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, Keogh and other fiduciary, ATM and technology-based networks, and online and mobile banking services. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession planning, and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides pay processing solutions, such as walk-in payment processing for payments delivered by customers to retail pay agents; online bill payment solutions for payments made by customers on a billing company's Website; customer service payments for payments accepted over the telephone; direct debit services; electronic concentration of payments delivered by the automated clearing house network; money management software and credit card networks; and lockbox remittance processing of payments delivered by mail. It has 28 banking centers in Illinois; 7 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
First Busey has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.67, First Busey has a potential upside of 31.9% from its current price of $20.21.
Amount of Analyst Coverage
First Busey has only been the subject of 2 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
First Busey has received 347 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Busey has received 515 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Busey has received 59.74% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Busey and other stocks. Vote “Outperform” if you believe BUSE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BUSE will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
First Busey is a leading dividend payer. It pays a dividend yield of 4.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Busey has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of First Busey is 40.93 %. 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 63.31 % next year. This indicates that First Busey will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Busey insiders have bought more of their company's stock than they have sold. Specifically, they have bought $286,283.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 7.50% of the stock of First Busey is held by insiders.
Percentage Held by Institutions
45.99% 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 -5.44% in the coming year, from $1.47 to $1.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Busey is 12.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Busey is 12.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.86.
Price to Book Value per Share Ratio
First Busey has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:BUSE

Previous Symbol

CUSIP31938310

CIK314489

Webwww.busey.com

Phone217-365-4544

Debt

Debt-to-Equity Ratio0.18

Current Ratio0.86

Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio12.03

Forward P/E Ratio13.75

P/E GrowthN/A

Sales & Book Value

Annual Sales$472.65 million

Price / Sales2.33

Cash Flow$2.68 per share

Price / Cash Flow7.54

Book Value$22.17 per share

Price / Book0.91

Profitability

EPS (Most Recent Fiscal Year)$2.15

Net Income$102.95 million

Net Margins19.57%

Return on Equity8.84%

Return on Assets1.11%

Miscellaneous

Employees1,531

Outstanding Shares54,400,000

Market Cap$1.10 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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First Busey (NASDAQ:BUSE) Frequently Asked Questions

How has First Busey's stock been impacted by COVID-19 (Coronavirus)?

First Busey's stock was trading at $18.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BUSE shares have increased by 11.7% and is now trading at $20.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Busey?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Busey.

When is First Busey's next earnings date?

First Busey is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for First Busey.

How were First Busey's earnings last quarter?

First Busey Co. (NASDAQ:BUSE) released its quarterly earnings data on Tuesday, April, 28th. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.09. The bank earned $96.95 million during the quarter, compared to analysts' expectations of $98.26 million. First Busey had a return on equity of 8.84% and a net margin of 19.57%. View First Busey's earnings history.

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

First Busey declared a quarterly dividend on Tuesday, April 14th. Investors of record on Friday, April 24th will be given a dividend of $0.22 per share on Friday, May 1st. This represents a $0.88 annualized dividend and a yield of 4.35%. The ex-dividend date is Thursday, April 23rd. View First Busey's dividend history.

What price target have analysts set for BUSE?

3 brokers have issued twelve-month price targets for First Busey's stock. Their forecasts range from $22.00 to $29.00. On average, they expect First Busey's stock price to reach $26.67 in the next year. This suggests a possible upside of 31.9% from the stock's current price. View analysts' price targets for First Busey.

Has First Busey been receiving favorable news coverage?

Media stories about BUSE stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Busey earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutFirst Busey.

Who are some of First Busey's key competitors?

Some companies that are related to First Busey include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and East West Bancorp (EWBC). View all competitors.

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), Apache (APA), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Ciner Resources (CINR), Agree Realty (ADC), Gran Tierra Energy (GTE), Transocean (RIG) and UMB Financial (UMBF).

Who are First Busey's key executives?

First Busey's management team includes the following people:

Mr. Van A. Dukeman, Pres, CEO & Director (Age 60)
Mr. Robin N. Elliott, Exec. VP, CFO & COO (Age 42)
Mr. Robert F. Plecki Jr., Exec. VP & Chief Credit Officer (Age 59)
Ms. Amy L. Randolph, Exec. VP of Pillar Relations & Chief of Staff (Age 44)
Mr. Christopher M. Shroyer, Pres & CEO of Busey Bank (Age 53)

What is First Busey's stock symbol?

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

Who are First Busey's major shareholders?

First Busey's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.92%), Wellington Management Group LLP (4.94%), Nuveen Asset Management LLC (2.58%), State Street Corp (2.04%), Geode Capital Management LLC (1.41%) and Deprince Race & Zollo Inc. (1.31%). Company insiders that own First Busey stock include David J Downey, Gregory B Lykins, Jeffrey David Jones, John Joseph Powers, Robin N Elliott, Stanley J Bradshaw, Stephen V King, Thomas G Sloan and Van A Dukeman. View institutional ownership trends for First Busey.

Which major investors are selling First Busey stock?

BUSE stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Nuveen Asset Management LLC, Russell Investments Group Ltd., THB Asset Management, Morgan Stanley, UBS Group AG, Cozad Asset Management Inc., and Bank of New York Mellon Corp. View insider buying and selling activity for First Busey.

Which major investors are buying First Busey stock?

BUSE stock was acquired by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, BlackRock Inc., Wellington Management Group LLP, Acadian Asset Management LLC, Martingale Asset Management L P, Moneta Group Investment Advisors LLC, Parametric Portfolio Associates LLC, and JPMorgan Chase & Co.. Company insiders that have bought First Busey stock in the last two years include David J Downey, Gregory B Lykins, Jeffrey David Jones, John Joseph Powers, Robin N Elliott, Stanley J Bradshaw, Stephen V King, Thomas G Sloan, and Van A Dukeman. View insider buying and selling activity for First Busey.

How do I buy shares of First Busey?

Shares of BUSE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Busey's stock price today?

One share of BUSE stock can currently be purchased for approximately $20.21.

How big of a company is First Busey?

First Busey has a market capitalization of $1.10 billion and generates $472.65 million in revenue each year. The bank earns $102.95 million in net income (profit) each year or $2.15 on an earnings per share basis. First Busey employs 1,531 workers across the globe.

What is First Busey's official website?

The official website for First Busey is www.busey.com.

How can I contact First Busey?

First Busey's mailing address is 100 W. University Avenue, Champaign IL, 61820. The bank can be reached via phone at 217-365-4544 or via email at [email protected]

This page was last updated on 6/7/2020 by MarketBeat.com Staff