First Busey Stock Forecast, Price & News

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 (WHO). Since then, BUSE shares have increased by 30.3% and is now trading at $23.57.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Busey in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" First Busey stock. 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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Wall Street analysts have given First Busey a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Busey wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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1,428 employees have rated First Busey CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among First Busey's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

First Busey is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for First Busey.

First Busey Co. (NASDAQ:BUSE) issued its earnings results on Sunday, November, 1st. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.15. The bank earned $102.04 million during the quarter, compared to analyst estimates of $99.48 million. First Busey had a net margin of 22.18% and a return on equity of 8.62%.
View First Busey's earnings history.

First Busey announced a quarterly dividend on Tuesday, January 12th. Stockholders of record on Friday, January 22nd will be paid a dividend of $0.23 per share on Friday, January 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, January 21st. This is an increase from First Busey's previous quarterly dividend of $0.22.
View First Busey's dividend history.

First Busey pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.73%. First Busey does not yet have a strock track record of dividend growth. The dividend payout ratio of First Busey is 40.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Busey will have a dividend payout ratio of 47.57% next year. This indicates that First Busey will be able to sustain or increase its dividend.
View First Busey's dividend history.

4 brokers have issued 12 month target prices for First Busey's stock. Their forecasts range from $26.00 to $29.00. On average, they expect First Busey's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Some companies that are related to First Busey include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of BUSE's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Busey investors own include Endologix (ELGX), (APA), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Ciner Resources (CINR), Agree Realty (ADC), Gran Tierra Energy Inc. (GTE.TO) (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 shareholders include Investors Financial Group LLC (0.11%), Denali Advisors LLC (0.11%), North Star Investment Management Corp. (0.10%) and Exchange Traded Concepts LLC (0.03%). 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.

BUSE stock was sold by a variety of institutional investors in the last quarter, including Investors Financial Group LLC.
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BUSE stock was bought by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., Denali Advisors LLC, and Exchange Traded Concepts LLC. 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 or or view top insider-buying stocks.

Shares of BUSE 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.

One share of BUSE stock can currently be purchased for approximately $23.57.

First Busey has a market capitalization of $1.29 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.

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

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]