About First Busey (NASDAQ:BUSE)
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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:BUSE
CUSIP31938310
Phone217-365-4544
Debt
Debt-to-Equity Ratio0.24%
Current Ratio0.89%
Quick Ratio0.87%
Price-To-Earnings
Trailing P/E Ratio18.86
Forward P/E Ratio13.50
P/E Growth2.24
Sales & Book Value
Annual Sales$308.78 million
Price / Sales4.79
Cash Flow$1.6363 per share
Price / Cash18.56
Book Value$19.23 per share
Price / Book1.58
Profitability
EPS (Most Recent Fiscal Year)$1.61
Net Income$62.72 million
Net Margins20.31%
Return on Equity9.84%
Return on Assets1.14%
Miscellaneous
Employees1,347
Outstanding Shares48,710,000
First Busey (NASDAQ:BUSE) Frequently Asked Questions
What is First Busey's stock symbol?
First Busey trades on the NASDAQ under the ticker symbol "BUSE."
How often does First Busey pay dividends? What is the dividend yield for First Busey?
First Busey announced a quarterly dividend on Tuesday, April 10th. Stockholders of record on Friday, April 20th will be given a dividend of $0.20 per share on Friday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, April 19th. View First Busey's Dividend History.
How were First Busey's earnings last quarter?
First Busey Co. (NASDAQ:BUSE) posted its earnings results on Tuesday, January, 30th. The bank reported $0.41 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.05. The bank earned $86.61 million during the quarter, compared to the consensus estimate of $82.39 million. First Busey had a return on equity of 9.84% and a net margin of 20.31%. View First Busey's Earnings History.
When is First Busey's next earnings date?
What price target have analysts set for BUSE?
4 brokers have issued 12 month price objectives for First Busey's shares. Their predictions range from $32.00 to $35.00. On average, they anticipate First Busey's stock price to reach $33.50 in the next year. View Analyst Ratings for First Busey.
Who are some of First Busey's key competitors?
Some companies that are related to First Busey include BancorpSouth Bank (BXS), International Bancshares (IBOC), United Community Bank (UCBI), CVB Financial (CVBF), Union Bankshares (UBSH), Great Western Bancorp (GWB), ServisFirst Bancshares (SFBS), Hilltop (HTH), First Interstate BancSystem (FIBK), Renasant (RNST), TowneBank (TOWN), Independent Bank (INDB), Eagle Bancorp (EGBN), Independent Bank Gr (IBTX), Ameris Bancorp (ABCB), Pacific Premier Bancorp (PPBI), Banner (BANR) and Heartland Financial USA (HTLF).
Who are First Busey's key executives?
First Busey's management team includes the folowing people:
- Mr. Van A. Dukeman, Pres, CEO & Director
- Mr. Robin N. Elliott, Exec. VP, CFO & COO
- Mr. John Joseph Powers, Exec. VP & Gen. Counsel
- Mr. Robert F. Plecki Jr., Chief Credit Officer & Exec. VP
- Mr. Christopher M. Shroyer, Pres & CEO of Busey Bank
Has First Busey been receiving favorable news coverage?
Media stories about BUSE stock have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Busey earned a news sentiment score of 0.12 on Accern's scale. They also assigned headlines about the bank an impact score of 47.74 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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, Scottrade, Fidelity and Charles Schwab.
What is First Busey's stock price today?
One share of BUSE stock can currently be purchased for approximately $30.37.
How big of a company is First Busey?
First Busey has a market capitalization of $1.47 billion and generates $308.78 million in revenue each year. The bank earns $62.72 million in net income (profit) each year or $1.61 on an earnings per share basis. First Busey employs 1,347 workers across the globe.
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]
MarketBeat Community Rating for First Busey (BUSE)
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.
First Busey (NASDAQ:BUSE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for First Busey in the last 12 months. Their average twelve-month price target is $33.50, suggesting that the stock has a possible upside of 10.31%. The high price target for BUSE is $35.00 and the low price target for BUSE is $32.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.25 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $33.50 | $33.50 | $33.00 | $31.6667 |
| Price Target Upside: | 10.31% upside | 11.52% upside | 9.34% upside | 7.71% upside |
First Busey (NASDAQ:BUSE) Consensus Price Target History
First Busey (NASDAQ:BUSE) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 2/6/2018 | B. Riley | Upgrade | Neutral -> Buy | $36.00 -> $35.00 | Low |  |
| 1/9/2018 | Piper Jaffray | Reiterated Rating | Hold | $33.00 | N/A | |
| 10/26/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Hold | $32.00 | N/A | |
| 10/25/2017 | FBR & Co | Reiterated Rating | Neutral -> Neutral | $32.00 -> $34.00 | N/A | |
(Data available from 4/19/2016 forward)
First Busey (NASDAQ:BUSE) Dividend Information
First Busey pays an annual dividend of $0.80 per share, with a dividend yield of 2.63%. BUSE's next quarterly dividend payment will be made on Friday, April 27. First Busey pays out 49.69% of its earnings out as a dividend.
| Next Dividend: | 4/27/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 2.63% |
| Payout Ratio: | 49.69% (Trailing 12 Months of Earnings)
35.56% (Based on This Year's Estimates)
33.47% (Based on Next Year's Estimates)
|
First Busey (NASDAQ:BUSE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/10/2018 | Quarterly | $0.20 | 2.66% | 4/19/2018 | 4/20/2018 | 4/27/2018 |
| 1/16/2018 | Quarterly | $0.20 | 2.69% | 1/25/2018 | 1/26/2018 | 2/2/2018 |
| 10/12/2017 | quarterly | $0.18 | 2.26% | 10/19/2017 | 10/20/2017 | 10/27/2017 |
| 7/12/2017 | Quarterly | $0.18 | 2.43% | 7/19/2017 | 7/21/2017 | 7/28/2017 |
| 4/12/2017 | Quarterly | $0.18 | 2.57% | 4/19/2017 | 4/21/2017 | 4/28/2017 |
| 1/19/2017 | quarterly | $0.18 | 2.4% | 1/25/2017 | 1/27/2017 | 2/3/2017 |
| 10/12/2016 | Quarterly | $0.17 | 3.11% | 10/19/2016 | 10/21/2016 | 10/28/2016 |
| 7/14/2016 | quarterly | $0.17 | 2.98% | 7/20/2016 | 7/22/2016 | 7/29/2016 |
| 4/14/2016 | quarterly | $0.17 | 3.28% | 4/20/2016 | 4/22/2016 | 4/29/2016 |
| 1/14/2016 | quarterly | $0.17 | 3.43% | 1/20/2016 | 1/22/2016 | 1/29/2016 |
| 10/15/2015 | special | $0.17 | | 10/21/2015 | 10/23/2015 | 10/30/2015 |
| 7/16/2015 | quarterly | $0.05 | 3% | 7/22/2015 | 7/24/2015 | 7/31/2015 |
| 4/15/2015 | quarterly | $0.05 | 2.98% | 4/22/2015 | 4/24/2015 | 5/1/2015 |
| 1/14/2015 | quarterly | $0.05 | 3.23% | 1/21/2015 | 1/23/2015 | 1/30/2015 |
| 10/9/2014 | quarterly | $0.05 | 3.64% | 10/15/2014 | 10/17/2014 | 10/24/2014 |
| 7/10/2014 | quarterly | $0.05 | 3.51% | 7/16/2014 | 7/18/2014 | 7/25/2014 |
| 4/10/2014 | quarterly | $0.05 | 3.54% | 4/15/2014 | 4/18/2014 | 4/25/2014 |
| 1/16/2014 | quarterly | $0.04 | 2.82% | 1/22/2014 | 1/24/2014 | 1/31/2014 |
| 10/17/2013 | quarterly | $0.04 | 3.06% | 10/23/2013 | 10/25/2013 | 11/1/2013 |
| 7/11/2013 | quarterly | $0.04 | 3.36% | 7/17/2013 | 7/19/2013 | 7/26/2013 |
| 4/11/2013 | quarterly | $0.04 | 3.65% | 4/17/2013 | 4/19/2013 | 4/26/2013 |
| 12/18/2012 | special | $0.04 | | 12/20/2012 | 12/24/2012 | 12/31/2012 |
| 12/18/2012 | quarterly | $0.04 | | 12/20/2012 | 12/24/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
First Busey (NASDAQ BUSE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.60%
Institutional Ownership Percentage: 47.16%
First Busey (NASDAQ BUSE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/6/2018 | Jon D Stewart | Director | Buy | 302 | $29.71 | $8,972.42 | 4,811 | |
| 4/2/2018 | Jon D Stewart | Director | Buy | 252 | $29.95 | $7,547.40 | 4,811 | |
| 1/19/2018 | Jon D Stewart | Director | Buy | 74 | $32.29 | $2,389.46 | 4,780 | |
| 1/8/2018 | Jon D Stewart | Director | Buy | 299 | $30.11 | $9,002.89 | 4,780 | |
| 1/2/2018 | Jon D Stewart | Director | Buy | 250 | $30.30 | $7,575.00 | 4,780 | |
| 10/30/2017 | George Barr | Director | Sell | 14,492 | $31.30 | $453,599.60 | 64,088 | |
| 10/27/2017 | George Barr | Director | Sell | 1,665 | $32.25 | $53,696.25 | 64,088 | |
| 10/6/2017 | Jon D Stewart | Director | Buy | 280 | $31.76 | $8,892.80 | | |
| 10/2/2017 | Jon D Stewart | Director | Buy | 235 | $31.36 | $7,369.60 | 4,753 | |
| 8/2/2017 | Curt A Anderson | Insider | Sell | 1,400 | $29.40 | $41,160.00 | 43,482 | |
| 7/3/2017 | Jon D Stewart | Director | Buy | 250 | $29.81 | $7,452.50 | 3,482 | |
| 1/9/2017 | Jon D Stewart | Director | Buy | 256 | $30.27 | $7,749.12 | 3,440 | |
| 12/22/2016 | Jon D Stewart | Director | Buy | 19 | $30.30 | $575.70 | 3,440 | |
| 10/5/2016 | Jon D Stewart | Director | Buy | 380 | $22.13 | $8,409.40 | 3,415 | |
| 8/8/2016 | Thomas G Sloan | Director | Buy | 458 | $23.90 | $10,946.20 | 218,668 | |
| 7/29/2016 | Stanley J Bradshaw | Director | Buy | 1,603 | $22.97 | $36,820.91 | 1,250 | |
| 7/1/2016 | Jon D Stewart | Director | Buy | 305 | $21.16 | $6,453.80 | 2,139 | |
| 5/2/2016 | David J Downey | Director | Buy | 7,500 | $20.60 | $154,500.00 | 190,899 | |
| 4/11/2016 | Jon D Stewart | Director | Buy | 330 | $20.02 | $6,606.60 | 2,121 | |
| 3/11/2016 | Stephen V King | Director | Buy | 7,000 | $20.08 | $140,560.00 | 56,158 | |
| 1/12/2016 | Jon D Stewart | Director | Buy | 318 | $20.29 | $6,452.22 | 2,102 | |
| 9/15/2015 | Robin N Elliott | CFO | Buy | 2,000 | $18.16 | $36,320.00 | 40,738 | |
| 9/11/2015 | Robin N. Elliott | CFO | Buy | 11,300 | $18.02 | $203,626.00 | 37,138 | |
| 7/6/2015 | Jon D Stewart | Director | Buy | 1,015 | $6.45 | $6,546.75 | | |
| 3/9/2015 | Howard F Mooney | CEO | Buy | 7,770 | $6.45 | $50,116.50 | | |
| 11/7/2014 | Stephen V King | Director | Buy | 15,000 | $6.41 | $96,150.00 | | |
| 11/6/2014 | Stephen V King | Director | Buy | 35,000 | $6.36 | $222,600.00 | | |
| 12/10/2013 | V Leister | Director | Sell | 4,500 | $5.74 | $25,830.00 | 6,956 | |
| 11/7/2013 | E Phillips Knox | Director | Sell | 3,100 | $5.40 | $16,740.00 | 6,956 | |
| 2/11/2013 | Stephen V King | Director | Buy | 26,353 | $4.52 | $119,115.56 | | |
| 2/7/2013 | Stephen V King | Director | Buy | 26,350 | $4.46 | $117,521.00 | | |
| 2/6/2013 | Stephen V King | Director | Buy | 57,124 | $4.54 | $259,342.96 | | |
(Data available from 1/1/2013 forward)
First Busey (NASDAQ BUSE) News Headlines
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First Busey (NASDAQ:BUSE) SEC Filings
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First Busey (NASDAQ:BUSE) Income Statement, Balance Sheet and Cash Flow Statement
First Busey (NASDAQ BUSE) Stock Chart for Thursday, April, 19, 2018
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