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.
Flawless balance sheet and undervalued.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BUSE underperformed the US Banks industry which returned -26.4% over the past year.
Return vs Market: BUSE underperformed the US Market which returned -10.4% over the past year.
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
5 days ago | Simply Wall StDo Directors Own First Busey Corporation (NASDAQ:BUSE) Shares?
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At First Busey Corporation's (NASDAQ:BUSE) P/E Ratio
3 weeks ago | Simply Wall StKaren Jensen Just Bought Shares In First Busey Corporation (NASDAQ:BUSE)
Is First Busey undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BUSE ($16.65) is trading below our estimate of fair value ($24.72)
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 (8.9x) compared to the Banks industry average (8.9x).
PE vs Market: BUSE is good value based on its PE Ratio (8.9x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: BUSE is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: BUSE is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is First Busey forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BUSE's forecast earnings growth (4.3% per year) is above the savings rate (1.7%).
Earnings vs Market: BUSE's earnings (4.3% per year) are forecast to grow slower than the US market (12.2% per year).
High Growth Earnings: BUSE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BUSE's revenue (1.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: BUSE's revenue (1.3% per year) is forecast to grow slower than 20% 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 (8.7%).
How has First Busey performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BUSE has high quality earnings.
Growing Profit Margin: BUSE's current net profit margins (26.2%) are lower than last year (30.3%).
Past Earnings Growth Analysis
Earnings Trend: BUSE's earnings have grown significantly by 25.8% per year over the past 5 years.
Accelerating Growth: BUSE's earnings growth over the past year (4.1%) is below its 5-year average (25.8% per year).
Earnings vs Industry: BUSE earnings growth over the past year (4.1%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: BUSE's Return on Equity (8.4%) is considered low.
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
Inventory Level: BUSE has a low level of unsold assets or inventory.
Debt Coverage by Assets: BUSE's debt is covered by short term assets (assets are 1.3x debt).
Financial Institutions Analysis
Asset Level: BUSE's level of assets compared to its equity is low.
Allowance for Bad Loans: BUSE has a sufficient allowance for bad loans.
Low Risk Liabilities: BUSE's liabilities are made up of primarily low risk sources of funding.
Loan Level: BUSE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BUSE's loans are broadly funded by customer deposits.
Level of Bad Loans: BUSE has an appropriate level of bad loans (0.44%)
What is First Busey's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BUSE's dividend (5.29%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: BUSE's dividend (5.29%) is low compared to the top 25% of dividend payers in the US market (5.4%).
Stability and Growth of Payments
Stable Dividend: BUSE's dividend payments have been volatile in the past 10 years.
Growing Dividend: BUSE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.8%), 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 well covered by earnings (44.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Van Dukeman (60yo)
Mr. Dukeman is President & Chief Executive Officer of First Busey, as well as Chairman of Busey Bank. Mr. Dukeman also serves as a director of Busey Wealth Management and FirsTech, Inc. Mr. Dukeman served ...
CEO Compensation Analysis
Compensation vs Market: Van's total compensation ($USD2.06M) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Van's compensation has been consistent with company performance over the past year.
|Former Chairman||12.58yrs||US$2.06m||0.33% $3.0m|
|Executive VP||2.83yrs||US$837.67k||0.013% $121.6k|
|Executive VP & Chief Credit Officer||10yrs||US$844.26k||0.089% $804.8k|
|President & CEO of Busey Bank||no data||US$1.16m||0.12% $1.1m|
|Executive VP & CFO||0.58yr||no data||0.0043% $39.0k|
|Executive VP & General Counsel||8.25yrs||US$343.03k||0.070% $629.5k|
|Executive VP & Chief Risk Officer||0.17yr||no data||no data|
Experienced Management: BUSE's management team is seasoned and experienced (5.5 years average tenure).
|Former Chairman||12.58yrs||US$2.06m||0.33% $3.0m|
|Vice Chairman of the Board||26.17yrs||US$699.45k||3.23% $29.2m|
|Independent Director||26.17yrs||US$85.50k||0.64% $5.8m|
|Independent Director||7.17yrs||US$83.70k||0.23% $2.1m|
|Lead Director||14.17yrs||US$82.53k||0.53% $4.8m|
|Independent Director||1.83yrs||US$71.03k||0.31% $2.8m|
|Independent Director||9.42yrs||US$85.50k||0.42% $3.8m|
|Independent Director||14.17yrs||US$81.93k||0.42% $3.8m|
|Independent Director||17.17yrs||no data||0.34% $3.0m|
Experienced Board: BUSE's board of directors are seasoned and experienced ( 15.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.3%.
First Busey Corporation's company bio, employee growth, exchange listings and data sources
- Name: First Busey Corporation
- Ticker: BUSE
- Exchange: NasdaqGS
- Founded: 1868
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$905.543m
- Shares outstanding: 54.39m
- Website: https://www.busey.com
Number of Employees
- First Busey Corporation
- 100 West University Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BUSE||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1990|
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, 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 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; mobile bill pay; 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 61 banking centers in Illinois; 13 in Missouri; five in southwest Florida; and one in Indianapolis, Indiana. The company was founded in 1868 and is headquartered in Champaign, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 01:00|
|End of Day Share Price||2020/03/30 00:00|
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.