First Busey (Nasdaq:BUSE) - Stock Price, News & Analysis

BUSE Stock Overview

BUSE fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 51.3% below our estimate of its fair value

Earnings are forecast to grow 10.89% per year

Pays a reliable dividend of 4.16%

Risk Analysis

Shareholders have been diluted in the past year

First Busey Corporation Competitors

National Bank Holdings

NYSE:NBHC

US$1.3b

Hope Bancorp

NasdaqGS:HOPE

US$1.3b

1st Source

NasdaqGS:SRCE

US$1.3b

First Commonwealth Financial

NYSE:FCF

US$1.4b

Price History & Performance

Summary of all time highs, changes and price drops for First Busey
Historical stock prices
Current Share Price	US$23.09
52 Week High	US$25.80
52 Week Low	US$16.26
Beta	0.83
1 Month Change	0.79%
3 Month Change	-5.60%
1 Year Change	29.07%
3 Year Change	-7.38%
5 Year Change	-11.06%
Change since IPO	144.48%

First Busey (NASDAQ:BUSE) Is Paying Out A Dividend Of $0.24

Apr 14

Recent updates

It's Unlikely That The CEO Of First Busey Corporation (NASDAQ:BUSE) Will See A Huge Pay Rise This Year

May 13

Do First Busey's (NASDAQ:BUSE) Earnings Warrant Your Attention?

May 08

First Busey EPS beats by $0.17, misses on revenue

Apr 27

Have Insiders Been Buying First Busey Corporation (NASDAQ:BUSE) Shares?

Mar 09

Why You Might Be Interested In First Busey Corporation (NASDAQ:BUSE) For Its Upcoming Dividend

Jan 16

How Much Of First Busey Corporation (NASDAQ:BUSE) Do Insiders Own?

Jan 06

Reflecting on First Busey's (NASDAQ:BUSE) Share Price Returns Over The Last Three Years

Dec 11

How Does First Busey's (NASDAQ:BUSE) CEO Pay Compare With Company Performance?

Nov 20

Shareholder Returns

	BUSE	US Banks	US Market
7D	5.6%	5.3%	1.0%
1Y	29.1%	31.6%	21.9%

Return vs Industry: BUSE underperformed the US Banks industry which returned 34.4% over the past year.

Return vs Market: BUSE exceeded the US Market which returned 24.9% over the past year.

Price Volatility

Is BUSE's price volatile compared to industry and market?
BUSE volatility
BUSE Average Weekly Movement	4.3%
Banks Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

Stable Share Price: BUSE has not had significant price volatility in the past 3 months.

Volatility Over Time: BUSE's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1868	1,464	Van Dukeman	www.busey.com

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech. The Banking segment provides banking services to individual customers, such as demand and savings deposits, money transfers, safe deposit services, individual retirement accounts and other fiduciary services, automated teller machines, and technology-based networks, as well as loan products, including residential real estate, home equity lines of credit, and consumer loans.

First Busey Corporation Fundamentals Summary

How do First Busey's earnings and revenue compare to its market cap?
BUSE fundamental statistics
Market cap	US$1.31b
Earnings (TTM)	US$112.00m
Revenue (TTM)	US$428.41m

11.7x

P/E Ratio

1.0x

P/B Ratio

Is BUSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BUSE income statement (TTM)
Revenue	US$428.41m
Cost of Revenue	US$0
Gross Profit	US$428.41m
Other Expenses	US$316.41m
Earnings	US$112.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 23, 2024

Earnings per share (EPS)	1.97
Gross Margin	100.00%
Net Profit Margin	26.14%
Debt/Equity Ratio	34.5%

How did BUSE perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

48%

Payout Ratio

BUSE Stock Overview

Rewards

Risk Analysis

First Busey Corporation Competitors

NYSE:NBHC

US$1.3b

NasdaqGS:HOPE

US$1.3b

NasdaqGS:SRCE

US$1.3b

NYSE:FCF

US$1.4b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings: EPS misses analyst expectations

First Busey (NASDAQ:BUSE) Is Paying Out A Dividend Of $0.24

Fourth quarter dividend of US$0.24 announced

New minor risk - Shareholder dilution

First Busey Corporation (NasdaqGS:BUSE) completed the acquisition of Merchants and Manufacturers Bank Corporation (M&M)

Full year 2023 earnings: EPS misses analyst expectations

Recent updates

First quarter 2024 earnings: EPS misses analyst expectations

First Busey (NASDAQ:BUSE) Is Paying Out A Dividend Of $0.24

Fourth quarter dividend of US$0.24 announced

New minor risk - Shareholder dilution

First Busey Corporation (NasdaqGS:BUSE) completed the acquisition of Merchants and Manufacturers Bank Corporation (M&M)

Full year 2023 earnings: EPS misses analyst expectations

Full year 2023 earnings: EPS misses analyst expectations

First Busey (NASDAQ:BUSE) Has Announced A Dividend Of $0.24

First Busey Corporation Declares Quarterly Cash Dividend, Payable on January 26, 2024

First Busey Corporation to Report Q1, 2024 Results on Apr 23, 2024

Price target increased by 7.9% to US$25.00

Independent Lead Director recently bought US$456k worth of stock

First Busey Corporation (NasdaqGS:BUSE) entered into an agreement and plan of merger to acquire Merchants and Manufacturers Bank Corporation for $45.3 million.

First Busey Corporation (NasdaqGS:BUSE) entered into an agreement and plan of merger to acquire Merchants and Manufacturers Bank Corporation for $45.3 million.

Independent Director notifies of intention to sell stock

First Busey Corporation Appoints Amy L. Randolph as Executive Vice President, Chief Operating Officer

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Busey Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

First Busey Corporation Declares Quarterly Cash Dividend, Payable on October 27, 2023

Insufficient new directors

First Busey Corporation to Report Q3, 2023 Results on Oct 24, 2023

Independent Director recently bought US$250k worth of stock

Price target increased by 7.4% to US$24.33

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First Busey Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Independent Director notifies of intention to sell stock

First Busey (NASDAQ:BUSE) Is Due To Pay A Dividend Of $0.24

First Busey Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Busey Corporation Declares A Quarterly Cash Dividend, Payable on July 28, 2023

Should You Be Adding First Busey (NASDAQ:BUSE) To Your Watchlist Today?

Price target decreased by 8.8% to US$22.50

Independent Lead Director recently bought US$152k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First Busey (NASDAQ:BUSE) Will Pay A Larger Dividend Than Last Year At $0.24

Price target decreased by 8.5% to US$25.00

Price target decreased by 8.1% to US$26.50

Independent Lead Director recently bought US$108k worth of stock

Independent Director recently sold US$198k worth of stock

Independent Director recently sold US$199k worth of stock

Vice Chairman of the Board recently bought US$91k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

First Busey Corporation to Report Q4, 2022 Results on Jan 24, 2023

First Busey Corporation Declares Quarterly Cash Dividend, Payable on January 27, 2023

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Busey Corporation to Report Q3, 2022 Results on Oct 25, 2022

First Busey goes ex dividend tomorrow

First Busey (NASDAQ:BUSE) Has Affirmed Its Dividend Of $0.23

First Busey Corporation Declares Quarterly Cash Dividend on the Company’s Common Stock. the Dividend Will Be Paid on October 28, 2022

Second quarter 2022 earnings: EPS misses analyst expectations

First Busey Corporation to Report Q2, 2022 Results on Jul 26, 2022

First Busey (NASDAQ:BUSE) Is Due To Pay A Dividend Of $0.23

First Busey Corporation Declares Quarterly Cash Dividend, Payable on July 29, 2022

Independent Lead Director recently bought US$73k worth of stock

Independent Lead Director recently bought US$90k worth of stock

Price target decreased to US$28.00

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First Busey Corporation to Report Q1, 2022 Results on Apr 26, 2022

First Busey Corporation Declares Quarterly Cash Dividend, Payable on April 29, 2022

First Busey Corporation, Annual General Meeting, May 25, 2022