BUSE - First Busey Corp Stock Price, Fair Value and News

24.01USD+0.16 (+0.67%)Market Closed

Market Summary

USD24.01+0.16

Market Closed

0.67%

BUSE Alerts

4 major insider buys recently.

BUSE Stock Price

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BUSE RSI Chart

BUSE Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

12.16

Price/Sales (Trailing)

2.76

EV/EBITDA

1.67

Price/Free Cashflow

8.68

BUSE Price/Sales (Trailing)

BUSE Profitability

EBT Margin

28.85%

Return on Equity

8.73%

Return on Assets

0.94%

Free Cashflow Yield

11.52%

BUSE Fundamentals

BUSE Revenue

Revenue (TTM)

494.0M

Rev. Growth (Yr)

13.17%

Rev. Growth (Qtr)

-2.31%

BUSE Earnings

Earnings (TTM)

112.0M

Earnings Growth (Yr)

-28.71%

Earnings Growth (Qtr)

1.85%

Breaking Down BUSE Revenue

Last 7 days

0.9%

Last 30 days

9.6%

Last 90 days

3.5%

Trailing 12 Months

29.7%

How does BUSE drawdown profile look like?

BUSE Financial Health

Debt/Equity

0.07

Debt/Cashflow

1.85

BUSE Investor Care

Dividend Yield

Dividend/Share (TTM)

0.96

Shares Dilution (1Y)

2.58%

Diluted EPS (TTM)

1.99

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	494.0M	0	0	0
2023	395.0M	429.3M	456.6M	479.4M
2022	302.6M	313.5M	331.0M	360.0M
2021	314.5M	305.0M	303.2M	298.8M
2020	356.4M	346.2M	334.1M	326.6M
2019	301.7M	322.8M	341.8M	356.2M
2018	248.0M	272.3M	282.6M	286.0M
2017	180.3M	185.8M	201.1M	224.3M
2016	119.3M	130.9M	148.4M	164.9M
2015	110.1M	112.3M	114.6M	118.0M
2014	107.8M	107.0M	107.3M	108.1M
2013	113.9M	112.2M	110.4M	108.7M
2012	128.0M	123.4M	119.6M	116.9M
2011	150.4M	144.3M	138.6M	132.8M
2010	0	175.1M	165.6M	156.2M
2009	0	0	0	184.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of First Busey Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 26, 2024	randolph amy l	acquired	-	-	849	chief of staff
Apr 26, 2024	barr george	acquired	-	-	227	-
Apr 26, 2024	kenney frederic l	acquired	-	-	240	-
Apr 26, 2024	powers john joseph	acquired	-	-	672	evp & general counsel
Apr 26, 2024	phillips scott a.	acquired	-	-	65.00	principal accounting officer
Apr 26, 2024	dukeman van a	acquired	-	-	1,896	president & ceo
Apr 26, 2024	cassens michael david	acquired	-	-	191	-
Apr 26, 2024	banks samuel p	acquired	-	-	181	-
Apr 26, 2024	king stephen v	acquired	-	-	285	-
Apr 26, 2024	jensen karen m	acquired	-	-	180	-

Which funds bought or sold BUSE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-67.98	-656,688	295,358	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.16	-111,160	1,261,010	-%
May 16, 2024	COMERICA BANK	unchanged	-	-298	9,283	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	17.64	413,929	3,373,540	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-52.19	-465,836	402,020	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	71.62	250,885	629,316	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	114	3,388,000	6,539,000	0.01%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	3.75	45,257	8,489,940	0.17%
May 15, 2024	BARCLAYS PLC	reduced	-22.78	-852,000	2,531,000	-%
May 15, 2024	MORGAN STANLEY	reduced	-14.02	-2,291,300	11,435,500	-%

Are Funds Buying or Selling BUSE?

Are funds buying BUSE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BUSE

No. of Funds

BUSE Alerts

4 major insider buys recently.

Unveiling First Busey Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.33%	2,943,012	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.9%	3,278,444	SC 13G/A
Jan 25, 2024	blackrock inc.	8.4%	4,663,932	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.6%	3,076,472	SC 13G
Feb 09, 2023	vanguard group inc	5.15%	2,846,730	SC 13G
Jan 31, 2023	blackrock inc.	7.0%	3,890,188	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.6%	2,579,261	SC 13G/A
Feb 01, 2022	blackrock inc.	7.0%	3,915,079	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	5.0%	2,736,111	SC 13G
Jan 29, 2021	blackrock inc.	7.1%	3,875,426	SC 13G/A

Recent SEC filings of First Busey Corp

View All Filings

Date Filed	Form Type	Document
May 16, 2024	4	Insider Trading
May 15, 2024	144	Notice of Insider Sale Intent
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading

Peers (Alternatives to First Busey Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First Busey Corp News

Latest updates

First Busey Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.3%	126	129	123	117	111	106	95.00	83.00	76.00	77.00	78.00	72.00	72.00	81.00	80.00	81.00	84.00	89.00	92.00	91.00	84.00
EBITDA Margin	-7.3%	0.93*	1.01*	1.12*	1.22*	1.32*	1.38*	1.42*	1.41*	1.43*	1.47*	1.45*	1.46*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.8%	76.00	77.00	78.00	79.00	86.00	91.00	86.00	76.00	70.00	71.00	71.00	65.00	65.00	73.00	70.00	71.00	69.00	72.00	73.00	73.00	68.00
Income Taxes	17.0%	9.00	7.00	7.00	7.00	10.00	11.00	8.00	6.00	7.00	9.00	6.00	7.00	11.00	8.00	9.00	7.00	4.00	7.00	8.00	7.00	10.00
Earnings Before Taxes	5.3%	35.00	33.00	37.00	37.00	46.00	46.00	44.00	36.00	36.00	39.00	32.00	37.00	49.00	36.00	40.00	33.00	19.00	36.00	33.00	31.00	35.00
EBT Margin	-10.1%	0.29*	0.32*	0.36*	0.40*	0.44*	0.45*	0.47*	0.46*	0.48*	0.52*	0.51*	0.53*	-	-	-	-	-	-	-	-	-
Net Income	1.8%	26.00	26.00	31.00	29.00	37.00	34.00	36.00	30.00	28.00	30.00	26.00	30.00	38.00	28.00	31.00	26.00	15.00	29.00	25.00	24.00	25.00
Net Income Margin	-11.3%	0.23*	0.26*	0.29*	0.32*	0.35*	0.36*	0.37*	0.36*	0.38*	0.41*	0.40*	0.42*	-	-	-	-	-	-	-	-	-
Free Cashflow	-16.9%	36.00	43.00	40.00	38.00	43.00	47.00	43.00	29.00	42.00	59.00	22.00	35.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-3.2%	11,887	12,283	12,258	12,209	12,345	12,337	12,497	12,356	12,568	12,860	12,899	12,415	10,760	10,544	10,540	10,836	9,721	9,696	9,754	9,613	9,537
Cash Equivalents	-17.9%	591	720	338	233	276	227	347	231	479	836	884	921	405	689	480	1,050	343	529	525	420	330
Net PPE	-0.9%	122	123	123	123	127	127	128	131	134	136	142	145	133	135	144	147	150	151	154	150	148
Goodwill	0%	318	318	318	318	318	318	318	318	318	318	318	318	312	312	312	312	312	312	323	314	314
Liabilities	-3.7%	10,605	11,011	11,068	11,007	11,146	11,191	11,391	11,194	11,349	11,541	11,566	11,070	9,494	9,274	9,284	9,600	8,504	8,475	8,538	8,409	8,351
Short Term Borrowings	-100.0%	-	12.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89.00
Shareholder's Equity	0.8%	1,283	1,272	1,190	1,202	1,199	1,146	1,107	1,162	1,218	1,319	1,333	1,346	1,266	1,270	1,256	1,236	1,218	1,220	1,216	1,204	1,186
Retained Earnings	4.7%	248	237	225	208	192	169	147	125	108	92.00	76.00	63.00	46.00	21.00	5.00	-13.95	-27.60	-14.81	-31.87	-44.88	-57.12
Additional Paid-In Capital	0.1%	1,325	1,324	1,324	1,325	1,322	1,321	1,320	1,318	1,319	1,317	1,315	1,317	1,255	1,253	1,250	1,248	1,249	1,248	1,248	1,246	1,247
Shares Outstanding	0.1%	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	55.00	56.00	56.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,000	-	-	-	1,200	-	-	-	1,300	-	-	-	947	-	-	-	1,300	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.9%	37,350	46,061	42,180	39,853	45,296	47,877	44,336	31,177	42,505	59,516	22,584	35,803	44,109	61,760	46,684	35,917	18,813	36,000	14,958	1,114	36,250
Share Based Compensation	821.6%	2,403	-333	2,603	2,656	1,669	2,247	2,476	2,336	1,909	2,088	1,891	2,437	1,448	2,722	2,205	1,069	1,139	761	1,205	1,017	1,014
Cashflow From Investing	-36.4%	248,961	391,713	31,047	84,192	44,035	47,963	-59,518	-92,422	-186,987	-59,634	-530,687	305,551	-544,420	152,422	-295,261	-405,472	-181,228	37,769	170	67,908	-48,411
Cashflow From Financing	-639.3%	-414,821	-56,112	31,989	-166,911	-40,926	-215,825	131,479	-187,131	-212,385	-47,632	471,138	174,654	216,576	-5,366	-321,774	1,076,779	-24,025	-69,938	90,122	20,778	102,595
Dividend Payments	-0.1%	13,259	13,270	13,267	13,271	13,268	12,704	12,707	12,713	12,739	12,811	12,956	12,484	12,513	11,995	11,994	11,968	12,055	11,592	11,632	11,681	10,266
Buy Backs	-100.0%	-	2,273	1,278	397	534	-	3,088	1,604	5,220	11,005	14,790	5,738	1,510	2,603	-	-3.00	9,672	10,969	4,890	-	-

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BUSE Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans	$ 99,325	$ 89,775
Interest and dividends on investment securities:
Taxable interest income	19,597	19,599
Non-taxable interest income	340	743
Other interest income	6,471	988
Total interest income	125,733	111,105
Interest expense
Deposits	43,968	14,740
Federal funds purchased and securities sold under agreements to repurchase	1,372	1,222
Short-term borrowings	232	4,822
Long-term debt	296	454
Subordinated notes	3,109	3,097
Junior subordinated debt owed to unconsolidated trusts	989	913
Total interest expense	49,966	25,248
Net interest income	75,767	85,857
Provision for credit losses	5,038	953
Net interest income after provision for credit losses	70,729	84,904
Noninterest income
Mortgage revenue	746	288
Income on bank owned life insurance	1,419	1,652
Realized gain on the sale of mortgage servicing rights	7,465	0
Realized net gains (losses) on securities	(6,802)	4
Unrealized net gains (losses) recognized on equity securities	427	(620)
Other income	3,431	3,593
Total noninterest income	35,000	31,848
Noninterest expense
Salaries, wages, and employee benefits	42,090	40,331
Data processing	6,550	5,640
Net occupancy expense of premises	4,720	4,762
Furniture and equipment expenses	1,813	1,746
Professional fees	2,253	2,058
Amortization of intangible assets	2,409	2,729
Interchange expense	1,611	1,853
FDIC insurance	1,400	1,502
Other expense	7,923	9,782
Total noninterest expense	70,769	70,403
Income before income taxes	34,960	46,349
Income taxes	8,735	9,563
Net income	$ 26,225	$ 36,786
Basic earnings per common share (in dollars per share)	$ 0.47	$ 0.66
Diluted earnings per common share (in dollars per share)	0.46	0.65
Dividends declared per share of common stock (in dollars per share)	$ 0.24	$ 0.24
Wealth management fees
Noninterest income
Noninterest income	$ 15,549	$ 14,797
Fees for customer services
Noninterest income
Noninterest income	7,056	6,819
Payment technology solutions
Noninterest income
Noninterest income	$ 5,709	$ 5,315

BUSE Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and due from banks	$ 93,091	$ 134,680
Interest-bearing deposits	497,980	584,901
Total cash and cash equivalents	591,071	719,581
Debt securities available for sale	1,898,072	2,087,571
Debt securities held to maturity	862,218	872,628
Equity securities	9,790	9,812
Loans held for sale	6,827	2,379
Portfolio loans (net of ACL of $91,562 at March 31, 2024, and $91,740 at December 31, 2023)	7,496,515	7,559,294
Premises and equipment, net	121,506	122,594
Right of use assets	10,590	11,027
Goodwill	317,873	317,873
Other intangible assets, net	33,582	35,991
Cash surrender value of bank owned life insurance	182,105	182,975
Other assets	357,309	361,690
Total assets	11,887,458	12,283,415
Deposits:
Noninterest-bearing	2,784,338	2,834,655
Interest-bearing	7,175,853	7,456,501
Total deposits	9,960,191	10,291,156
Securities sold under agreements to repurchase	147,175	187,396
Short-term borrowings	0	12,000
Long-term debt	0	18,000
Subordinated notes, net of unamortized issuance costs	223,100	222,882
Junior subordinated debt owed to unconsolidated trusts	72,040	71,993
Lease liabilities	10,896	11,308
Other liabilities	191,405	196,699
Total liabilities	10,604,807	11,011,434
Outstanding commitments and contingent liabilities (see Notes 4 and 10)
Stockholders’ equity
Common stock, ($.001 par value; 100,000,000 shares authorized)	58	58
Additional paid-in capital	1,324,999	1,323,595
Retained earnings	248,412	237,197
AOCI	(222,190)	(218,803)
Total stockholders’ equity before treasury stock	1,351,279	1,342,047
Treasury stock at cost	(68,628)	(70,066)
Total stockholders’ equity	1,282,651	1,271,981
Total liabilities and stockholders’ equity	$ 11,887,458	$ 12,283,415
Shares
Common shares issued (in shares)	58,116,969	58,116,969
Less: Treasury shares (in shares)	(2,816,961)	(2,872,850)
Common shares outstanding (in shares)	55,300,008	55,244,119

About First Busey Corp

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. It operates through three segments: Banking, FirsTech, and Wealth Management. 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. This segment also offers banking services to corporate customers, including commercial, commercial real estate, real estate construction, and agricultural loans, as well as cash management services. The FirsTech segment provides payment technology solutions comprising online, mobile, and voice-recognition bill payments; money management and credit card networks; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments, as well as tools to help clients with billing, reconciliation, bill reminders, and treasury services. The Wealth Management segment offers a range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. The company was founded in 1868 and is headquartered in Champaign, Illinois.

CEO	Mr. Van A. Dukeman CFA
WEBSITE	busey.com
INDUSTRY	Banks Diversified
EMPLOYEES	1477

First Busey Corp Frequently Asked Questions

What is the ticker symbol for First Busey Corp? What does BUSE stand for in stocks?

BUSE is the stock ticker symbol of First Busey Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Busey Corp (BUSE)?

As of Fri May 17 2024, market cap of First Busey Corp is 1.36 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BUSE stock?

You can check BUSE's fair value in chart for subscribers.

What is the fair value of BUSE stock?

You can check BUSE's fair value in chart for subscribers. The fair value of First Busey Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Busey Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BUSE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Busey Corp a good stock to buy?

The fair value guage provides a quick view whether BUSE is over valued or under valued. Whether First Busey Corp is cheap or expensive depends on the assumptions which impact First Busey Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BUSE.

What is First Busey Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, BUSE's PE ratio (Price to Earnings) is 12.16 and Price to Sales (PS) ratio is 2.76. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BUSE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Busey Corp's stock?

In the past 10 years, First Busey Corp has provided 0.068 (multiply by 100 for percentage) rate of return.