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S&P 500   4,122.47
DOW   32,774.41
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Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Sell every Stock except ONE (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Sell every Stock except ONE (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Sell every Stock except ONE (Ad)
NASDAQ:BUSE

First Busey - BUSE Stock Forecast, Price & News

$24.11
+0.06 (+0.25%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.90
$24.22
50-Day Range
$22.10
$24.82
52-Week Range
$21.66
$29.73
Volume
94,408 shs
Average Volume
172,371 shs
Market Capitalization
$1.33 billion
P/E Ratio
11.88
Dividend Yield
3.83%
Price Target
$27.00

First Busey MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.0% Upside
$27.00 Price Target
Short Interest
Bearish
1.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.00mentions of First Busey in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$73,092 Bought Last Quarter
Proj. Earnings Growth
6.90%
From $2.32 to $2.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Finance Sector

482nd out of 885 stocks

State Commercial Banks Industry

95th out of 181 stocks

BUSE stock logo

About First Busey (NASDAQ:BUSE) Stock

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 through three segments: Banking, FirsTech, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, 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, and other fiduciary services through banking center, ATM and technology-based networks. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset management, philanthropic advisory, tax preparation, and professional farm management services; and commercial depository services, such as cash management services. Additionally, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.

First Busey Stock Up 0.1 %

First Busey stock traded up $0.02 during midday trading on Tuesday, reaching $24.07. The company's stock had a trading volume of 260 shares, compared to its average volume of 130,679. The company has a market cap of $1.33 billion, a P/E ratio of 11.85 and a beta of 0.90. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $23.49 and a 200-day simple moving average of $24.77. First Busey has a fifty-two week low of $21.66 and a fifty-two week high of $29.73.

First Busey (NASDAQ:BUSE - Get Rating) last posted its earnings results on Tuesday, July 26th. The bank reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). First Busey had a return on equity of 9.79% and a net margin of 25.44%. During the same period in the previous year, the firm posted $0.57 EPS. On average, research analysts expect that First Busey will post 2.32 earnings per share for the current fiscal year.

First Busey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $0.92 annualized dividend and a yield of 3.82%. First Busey's dividend payout ratio is currently 45.32%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reissued a "neutral" rating on shares of First Busey in a research note on Wednesday, July 27th. B. Riley cut their target price on shares of First Busey from $27.00 to $23.00 in a research note on Monday, July 11th.

Insider Activity at First Busey

In other First Busey news, Director Michael David Cassens sold 2,300 shares of the firm's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $23.30, for a total transaction of $53,590.00. Following the transaction, the director now owns 180,589 shares of the company's stock, valued at $4,207,723.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Michael David Cassens sold 2,300 shares of the company's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $23.30, for a total value of $53,590.00. Following the completion of the sale, the director now directly owns 180,589 shares of the company's stock, valued at $4,207,723.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley J. Bradshaw purchased 3,250 shares of the firm's stock in a transaction that occurred on Wednesday, June 15th. The shares were bought at an average cost of $22.49 per share, with a total value of $73,092.50. Following the completion of the acquisition, the director now owns 31,850 shares of the company's stock, valued at $716,306.50. The disclosure for this purchase can be found here. 7.40% of the stock is owned by corporate insiders.

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BUSE Stock News Headlines

Best Income Stocks to Buy for August 9th
First Busey's (BUSE) Neutral Rating Reaffirmed at DA Davidson
First Busey Announces 2022 Second Quarter Earnings
Former Busey Board member denied travel
Oversold Conditions For First Busey Corp (BUSE)
See More Headlines
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BUSE Company Calendar

Ex-Dividend for 7/29 Dividend
7/21/2022
Last Earnings
7/26/2022
Dividend Payable
7/29/2022
Today
8/10/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:BUSE
CUSIP
31938310
Employees
1,499
Year Founded
1868

Price Target and Rating

Average Stock Price Forecast
$27.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$123.45 million
Pretax Margin
32.73%

Debt

Sales & Book Value

Annual Sales
$431.60 million
Cash Flow
$3.26 per share
Book Value
$23.44 per share

Miscellaneous

Free Float
51,132,000
Market Cap
$1.33 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • Mr. Van A. Dukeman CFA (Age 63)
    Chairman, Pres & CEO
    Comp: $1.28M
  • Mr. Jeffrey D. Jones (Age 48)
    Exec. VP & CFO
    Comp: $719.31k
  • Mr. John J. Powers (Age 66)
    Exec. VP & Gen. Counsel
    Comp: $626.19k
  • Mr. Robin N. Elliott (Age 45)
    Pres & CEO of Busey Bank
    Comp: $780.4k
  • Ms. Amy L. Randolph (Age 47)
    Chief of Staff & Exec. VP of Pillar Relations
    Comp: $677.79k
  • Ms. Monica L. Bowe (Age 48)
    Exec. VP & Chief Risk Officer
  • Ms. Mary E. Lakey
    Corp. Sec.













BUSE Stock - Frequently Asked Questions

Should I buy or sell First Busey stock right now?

3 Wall Street research 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 research 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.
View BUSE analyst ratings
or view top-rated stocks.

What is First Busey's stock price forecast for 2022?

3 analysts have issued twelve-month price targets for First Busey's shares. Their BUSE share price forecasts range from $23.00 to $31.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for BUSE
or view top-rated stocks among Wall Street analysts.

How has First Busey's stock performed in 2022?

First Busey's stock was trading at $27.12 at the start of the year. Since then, BUSE shares have decreased by 11.1% and is now trading at $24.11.
View the best growth stocks for 2022 here
.

When is First Busey's next earnings date?

First Busey is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our BUSE earnings forecast
.

How were First Busey's earnings last quarter?

First Busey Co. (NASDAQ:BUSE) issued its quarterly earnings data on Tuesday, July, 26th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.04. First Busey had a net margin of 25.44% and a trailing twelve-month return on equity of 9.79%. During the same period in the previous year, the business earned $0.57 earnings per share.

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

First Busey announced a quarterly dividend on Tuesday, July 12th. Investors of record on Friday, July 22nd will be paid a dividend of $0.23 per share on Friday, July 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, July 21st.
Read our dividend analysis for BUSE
.

Is First Busey a good dividend stock?

First Busey (NASDAQ:BUSE) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.83%. 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 45.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BUSE will have a dividend payout ratio of 37.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BUSE.

What is Van A. Dukeman's approval rating as First Busey's CEO?

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.

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), 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).

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 retail and institutional investors. Top institutional investors include Busey Wealth Management (11.81%), Victory Capital Management Inc. (2.12%), Assenagon Asset Management S.A. (0.41%), Siena Capital Partners GP LLC (0.28%), Swiss National Bank (0.22%) and State of New Jersey Common Pension Fund D (0.19%). Insiders that own company stock include David J Downey, 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
.

How do I buy shares of First Busey?

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.
Compare Top Brokerages Here.

What is First Busey's stock price today?

One share of BUSE stock can currently be purchased for approximately $24.11.

How much money does First Busey make?

First Busey (NASDAQ:BUSE) has a market capitalization of $1.33 billion and generates $431.60 million in revenue each year. The bank earns $123.45 million in net income (profit) each year or $2.03 on an earnings per share basis.

How many employees does First Busey have?

First Busey employs 1,499 workers across the globe.

When was First Busey founded?

First Busey was founded in 1868.

How can I contact First Busey?

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.

This page (NASDAQ:BUSE) was last updated on 8/10/2022 by MarketBeat.com Staff

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