First Busey - BUSE Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "hold" BUSE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BUSE, but not buy additional shares or sell existing shares.
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3 brokers have issued twelve-month price targets for First Busey's shares. Their BUSE share price forecasts range from $23.00 to $29.00. On average, they expect the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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First Busey's stock was trading at $27.12 at the beginning of the year. Since then, BUSE shares have decreased by 5.0% and is now trading at $25.77.
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First Busey saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 454,200 shares, a decline of 26.5% from the October 31st total of 618,100 shares. Based on an average trading volume of 137,200 shares, the short-interest ratio is currently 3.3 days. Approximately 0.9% of the company's shares are short sold.
View First Busey's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 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 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The bank had revenue of $104.01 million for the quarter, compared to analyst estimates of $102.41 million. First Busey had a trailing twelve-month return on equity of 10.81% and a net margin of 26.70%.

First Busey announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be given a dividend of $0.23 per share on Friday, October 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, October 20th.
Read our dividend analysis for BUSE.

First Busey (NASDAQ:BUSE) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.61%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 41.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 33.82% 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), APA (APA), 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.03%), Dimensional Fund Advisors LP (5.37%), Vanguard Group Inc. (4.81%), LSV Asset Management (2.42%), State Street Corp (2.37%) and Victory Capital Management Inc. (2.02%). Insiders that own company stock include 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 $25.77.

First Busey (NASDAQ:BUSE) has a market capitalization of $1.42 billion and generates $431.60 million in revenue each year. The bank earns $123.45 million in net income (profit) each year or $2.21 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.