First Busey - BUSE Stock Forecast, Price & News

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

2 brokers have issued twelve-month target prices for First Busey's shares. Their BUSE share price forecasts range from $23.00 to $26.00. On average, they predict the company's share price to reach $24.67 in the next year. This suggests that the stock has a possible downside of 0.6%.
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 increased by 0.4% and is now trading at $24.82.
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First Busey saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 466,100 shares, a decrease of 9.6% from the December 31st total of 515,500 shares. Based on an average daily volume of 138,500 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.9% of the company's shares are sold short.
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) issued its quarterly earnings results 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 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 11.35% and a net margin of 26.36%.

First Busey announced 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 3.87%. The ex-dividend date of this dividend is Thursday, January 19th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for BUSE.

First Busey (NASDAQ:BUSE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.86%. 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 Jacobs Asset Management LLC (0.36%), State of New Jersey Common Pension Fund D (0.16%), New York State Common Retirement Fund (0.07%), Dupont Capital Management Corp (0.03%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%) and Perfromance Wealth Partners LLC (0.02%). Insiders that own company stock include Cassandra R Sanford, George Barr, Gregory B Lykins, Jeffrey David Jones, John Joseph Powers, Michael David Cassens, Robin N Elliott, 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 $24.82.

First Busey (NASDAQ:BUSE) has a market capitalization of $1.37 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 1,499 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) 365-4500, via email at robin.elliott@busey.com, or via fax at 217-365-4879.