First Busey CorpBUSE
BUSE
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
117% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 18
67% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 39
13% more funds holding
Funds holding: 162 [Q2] → 183 (+21) [Q3]
6% more capital invested
Capital invested by funds: $803M [Q2] → $852M (+$48.9M) [Q3]
0.73% less ownership
Funds ownership: 58.49% [Q2] → 57.77% (-0.73%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$27
12%
upside
Avg. target
$31
26%
upside
High target
$34
41%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 41%upside $34 | Outperform Maintained | 4 Dec 2024 |
Stephens & Co. Terry McEvoy 91% 1-year accuracy 21 / 23 met price target | 12%upside $27 | Equal-Weight Downgraded | 14 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
CROSSFIRST BANKSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CrossFirst Bankshares, Inc. - CFB
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CrossFirst Bankshares, Inc. (NasdaqGS: CFB) to First Busey Corporation (NasdaqGS: BUSE). Under the terms of the proposed transaction, shareholders of CrossFirst will receive 0.6675 shares of First Busey common stock for each share of CrossFirst that they own. KSF is seeking to determine whether this considerat.
Neutral
Zacks Investment Research
1 month ago
First Busey (BUSE) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for First Busey (BUSE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
First Busey (BUSE) Q3 Earnings and Revenues Top Estimates
First Busey (BUSE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
First Busey Corporation Announces 2024 Third Quarter Earnings
CHAMPAIGN, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $32.0 million Diluted EPS of $0.55 THIRD QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $33.5 million, or $0.58 per diluted common share Noninterest income of $36.0 million, or 30.5% of operating revenue1 Record high quarterly revenue for the Wealth Management operating segment Tangible book value per common share1 of $18.19 at September 30, 2024, compared to $16.97 at June 30, 2024, and $15.07 at September 30, 2023, a year-over-year increase of 20.7% Tangible common equity1 increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at September 30, 2023 Announced transformative partnership with CrossFirst Bankshares For additional information, please refer to the 3Q24 Earnings Investor Presentation.
Positive
Zacks Investment Research
3 months ago
Is First Busey's Merger Deal With CrossFirst a Strategic Move?
The merger deal with CrossFirst will increase BUSE's asset size and fortify its commercial banking businesses.
Neutral
PRNewsWire
3 months ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CrossFirst Bankshares, Inc.
NEW YORK , Aug. 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by CrossFirst Bankshares, Inc. (NASDAQ: CFB) and its board of directors concerning the proposed acquisition of the company by First Busey Corporation (NASDAQ: BUSE). Stockholders will receive 0.6675 shares of First Busey common stock for each share of CrossFirst Bankshares stock that they hold.
Neutral
Business Wire
3 months ago
BUSE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Busey Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Busey Corporation (NASDAQ: BUSE) and CrossFirst Bankshares, Inc. is fair to Busey shareholders. Upon completion of the proposed transaction, Busey's shareholders will own approximately 63.5% of the combined company. Halper Sadeh encourages Busey shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0.
Positive
Zacks Investment Research
4 months ago
First Busey (BUSE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for First Busey (BUSE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
4 months ago
First Busey (BUSE) Q2 Earnings Surpass Estimates
First Busey (BUSE) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago.
Neutral
GlobeNewsWire
4 months ago
First Busey Corporation Announces 2024 Second Quarter Earnings
CHAMPAIGN, Il., July 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $27.4 million Diluted EPS of $0.47 SECOND QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $29.0 million, or $0.50 per diluted common share Net interest margin1 increased by 24 basis points to 3.03% from 2.79% in the prior quarter Noninterest income of $33.8 million, and adjusted noninterest income1 of $33.9 million, or 29.1% of operating revenue1 Record high quarterly revenue for both the Wealth Management and FirsTech operating segments Finalized the acquisition of Merchants & Manufacturers Bank Corporation (“M&M”) and its wholly owned subsidiary Merchants & Manufacturers Bank (“M&M Bank”) on April 1, 2024, and completed the integration of M&M Bank into Busey Bank on June 21, 2024 Tangible book value per common share1 of $16.97 at June 30, 2024, compared to $16.84 at March 31, 2024, and $15.25 at June 30, 2023, a year-over-year increase of 11.3% Tangible common equity1 increased to 8.36% of tangible assets at June 30, 2024, compared to 8.12% at March 31, 2024, and 7.18% at June 30, 2023 For additional information, please refer to the 2Q24 Earnings Investor Presentation.
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