NasdaqGS:BUSE

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.


Similar Companies

Share Price & News

How has First Busey's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.8%

BUSE

-4.6%

US Banks

-5.3%

US Market


1 Year Return

-32.6%

BUSE

-30.5%

US Banks

10.4%

US Market

Return vs Industry: BUSE underperformed the US Banks industry which returned -30.9% over the past year.

Return vs Market: BUSE underperformed the US Market which returned 12% over the past year.


Shareholder returns

BUSEIndustryMarket
7 Day-3.8%-4.6%-5.3%
30 Day10.8%3.5%-2.1%
90 Day5.2%0.6%1.7%
1 Year-29.4%-32.6%-28.0%-30.5%12.9%10.4%
3 Year-35.8%-42.2%-20.0%-26.6%34.3%25.4%
5 Year-5.5%-19.5%10.3%-3.3%73.7%54.3%

Price Volatility Vs. Market

How volatile is First Busey's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Busey undervalued compared to its fair value and its price relative to the market?

30.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BUSE ($17.99) is trading below our estimate of fair value ($25.7)

Significantly Below Fair Value: BUSE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BUSE is good value based on its PE Ratio (9.8x) compared to the US Banks industry average (9.9x).

PE vs Market: BUSE is good value based on its PE Ratio (9.8x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: BUSE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BUSE's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is First Busey forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BUSE's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: BUSE's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: BUSE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BUSE's revenue is expected to decline over the next 3 years (-2.1% per year).

High Growth Revenue: BUSE's revenue is forecast to decline over the next 3 years (-2.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BUSE's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has First Busey performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BUSE has high quality earnings.

Growing Profit Margin: BUSE's current net profit margins (27.7%) are higher than last year (26.6%).


Past Earnings Growth Analysis

Earnings Trend: BUSE's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: BUSE's earnings growth over the past year (0.9%) is below its 5-year average (21% per year).

Earnings vs Industry: BUSE earnings growth over the past year (0.9%) exceeded the Banks industry -3.6%.


Return on Equity

High ROE: BUSE's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is First Busey's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BUSE's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: BUSE has a sufficient allowance for bad loans (409%).

Low Risk Liabilities: 93% of BUSE's liabilities are made up of primarily low risk sources of funding.

Loan Level: BUSE has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: BUSE's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: BUSE has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

What is First Busey current dividend yield, its reliability and sustainability?

4.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BUSE's dividend (4.89%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: BUSE's dividend (4.89%) is in the top 25% of dividend payers in the US market (4.78%)


Stability and Growth of Payments

Stable Dividend: BUSE's dividends per share have been stable in the past 10 years.

Growing Dividend: BUSE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.3%), BUSE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BUSE's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Van Dukeman (61 yo)

13.17yrs

Tenure

US$2,186,761

Compensation

Mr. Dukeman serves as the Chairman of First Busey Corporation since July 22, 2020. He also serves as the President & Chief Executive Officer of First Busey, as well as Chairman of Busey Bank. Mr. Dukeman a ...


CEO Compensation Analysis

Compensation vs Market: Van's total compensation ($USD2.19M) is about average for companies of similar size in the US market ($USD2.96M).

Compensation vs Earnings: Van's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Van Dukeman
Chairman13.17yrsUS$2.19m0.61%
$ 6.0m
Jeffrey Jones
Executive VP & CFO1.17yrsUS$1.19m0.0060%
$ 58.9k
John Powers
Executive VP & General Counsel8.83yrsUS$931.94k0.17%
$ 1.7m
Amy Randolph
Chief of Staff & Executive VP of Pillar Relations3.42yrsUS$1.04m0.12%
$ 1.2m
Robert Plecki
Executive VP and Chief Banking & Credit Officer10.58yrsUS$841.70k0.19%
$ 1.9m
Robin Elliott
President & CEO of Busey Bankno dataUS$1.34m0.27%
$ 2.7m
Monica Bowe
Executive VP & Chief Risk Officer0.75yrno data0.00025%
$ 2.5k

6.1yrs

Average Tenure

47yo

Average Age

Experienced Management: BUSE's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Van Dukeman
Chairman13.17yrsUS$2.19m0.61%
$ 6.0m
Samuel Banks
Independent Directorno datano data0.027%
$ 269.0k
Gregory Lykins
Vice Chairman of the Board0.25yrUS$734.45k0.50%
$ 4.9m
Stephen King
Independent Director7.75yrsUS$97.62k0.28%
$ 2.8m
Stanley Bradshaw
Independent Lead Director14.75yrsUS$98.87k0.56%
$ 5.5m
Frederic Kenney
Independent Director2.42yrsUS$103.97k0.31%
$ 3.0m
Thomas Sloan
Independent Director10yrsUS$95.75k0.42%
$ 4.1m
Karen Jensen
Independent Director1yrUS$20.70k0.046%
$ 449.7k
George Barr
Independent Director14.75yrsUS$98.25k0.42%
$ 4.1m
Michael Cassens
Independent Director1.75yrsUS$79.50k0.34%
$ 3.3m

2.4yrs

Average Tenure

62yo

Average Age

Experienced Board: BUSE's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BUSE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Busey Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Busey Corporation
  • Ticker: BUSE
  • Exchange: NasdaqGS
  • Founded: 1868
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$980.855m
  • Shares outstanding: 54.52m
  • Website: https://www.busey.com

Number of Employees


Location

  • First Busey Corporation
  • 100 West University Avenue
  • Champaign
  • Illinois
  • 61820
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BUSENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1990

Biography

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 custo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 00:46
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.