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First Busey Corp
BUSE

$22.91
0.44%
 

About: First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services with banking centers in Illinois, Missouri, Florida, and Indiana. The company's operations are managed through three operating segments consisting of Banking, FirsTech, and Wealth Management. The banking segment generates a vast majority of its revenue.

Employees: 1,522

0
Funds holding %
of 6,656 funds
0
Analysts bullish %
of 5 analysts
News positive %

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

35% more capital invested

Capital invested by funds: $574M [Q3] → $774M (+$199M) [Q4]

24% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 45

3% more funds holding

Funds holding: 144 [Q3] → 149 (+5) [Q4]

2.36% more ownership

Funds ownership: 54.05% [Q3] → 56.4% (+2.36%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$23
0%
upside
Avg. target
$25
10%
upside
High target
$28
22%
upside

5 analyst ratings

positive
100%
neutral
0%
negative
0%
Stephens & Co.
Terry McEvoy
22%upside
$28
Overweight
Reiterated
24 Apr 2024
Raymond James
Daniel Tamayo
18%upside
$27
Outperform
Maintained
12 Dec 2023
Keefe, Bruyette & Woods
Damon Delmonte
9%upside
$25
Outperform
Maintained
29 Nov 2023
Stephens & Co.
Terry McEvoy
0%upside
$23
Overweight
Reiterated
28 Nov 2023
Piper Sandler
Andrew Liesch
0%upside
$23
Overweight
Maintained
28 Nov 2023

Financial journalist opinion

Neutral
GlobeNewsWire
1 month ago
First Busey Corporation Announces 2024 First Quarter Earnings
CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE)   Net Income of $26.2 million Diluted EPS of $0.46   FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common share Net interest margin1 increased by 5 basis points during the first quarter of 2024 to 2.79% Executed a two-part balance sheet repositioning expected to be both capital and earnings accretive Adjusted noninterest income1 of $33.9 million, or 30.9% of operating revenue2 Record high revenue for FirsTech during the first quarter of 2024, and second-best quarter in Wealth Management division history Received regulatory and shareholder approvals needed to finalize the acquisition of Merchants & Manufacturers Bank Corporation and its wholly owned subsidiary Merchants & Manufacturers Bank, which was completed on April 1, 2024 Tangible book value per common share1 of $16.84 at March 31, 2024, compared to $16.62 at December 31, 2023, and $15.14 at March 31, 2023, a year-over-year increase of 11.2% Tangible common equity1 increased to 8.12% of tangible assets at March 31, 2024, compared to 7.75% at December 31, 2023, and 7.05% at March 31, 2023 For additional information, please refer to the 1Q24 Earnings Investor Presentation MESSAGE FROM OUR CHAIRMAN & CEO First Quarter Financial Results Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $26.2 million for the first quarter of 2024, or $0.46 per diluted common share, compared to $25.7 million, or $0.46 per diluted common share, for the fourth quarter of 2023, and $36.8 million, or $0.65 per diluted common share, for the first quarter of 2023.
First Busey Corporation Announces 2024 First Quarter Earnings
Neutral
GlobeNewsWire
4 months ago
First Busey Corporation Announces 2023 Fourth Quarter Earnings
CHAMPAIGN, Ill., Jan. 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $25.7 million Diluted EPS of $0.46 Fourth Quarter 2023 Highlights Adjusted net income1 at $29.1 million, or $0.52 per diluted common share Entered into a definitive agreement to acquire Merchants & Manufacturers Bank Corporation (“M&M”), the holding company for Merchants & Manufacturers Bank (“M&M Bank”) Executed a two-part balance sheet repositioning related to the securities portfolio, expected to be both capital and earnings accretive Non-performing assets declined 34.4% during the fourth quarter of 2023, to $7.9 million, now representing 0.06% of total assets Annualized quarterly net charge-off ratio of 0.02% and full year net charge-off ratio of 0.03% Tangible book value per common share1 of $16.62 at December 31, 2023, compared to $15.07 at September 30, 2023, and $14.14 at December 31, 2022, an increase of 17.5% year-over-year For additional information, please refer to the 4Q23 Earnings Investor Presentation Message from our Chairman & CEO Fourth Quarter Financial Results Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $25.7 million for the fourth quarter of 2023, or $0.46 per diluted common share, compared to $30.7 million, or $0.54 per diluted common share, for the third quarter of 2023, and $34.4 million, or $0.61 per diluted common share, for the fourth quarter of 2022.
First Busey Corporation Announces 2023 Fourth Quarter Earnings