First Busey Corp

Company Profile

First Busey Corp had its IPO on 1998-10-06 under the ticker symbol BUSE.

The company operates in the Financial Services sector and Banks-Regional industry. First Busey Corp has a staff strength of 1,450 employees.

Stock update

Shares of First Busey Corp opened at $21.34 at the start of the last trading session i.e. 2023-03-19.

The stocks traded within a range of $20.45 - $21.34, and closed at $20.72.

This is a -3.76% slip from the previous day's closing price.

A total volume of 684,000 shares were traded at the close of the day’s session.

In the last one week, shares of First Busey Corp have slipped by -8.16%.

First Busey Corp's Key Ratios

First Busey Corp has a market cap of $1.19 billion, indicating a price to book ratio of 1.2488 and a price to sales ratio of 3.1091.

In the last 12-months First Busey Corp’s revenue was $445.62 million with a gross profit of $445.62 million and an EBITDA of $0. The EBITDA ratio measures First Busey Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Busey Corp’s operating margin was 39.92% while its return on assets stood at 1.02% with a return of equity of 10.41%.

In Q4, First Busey Corp’s quarterly earnings growth was a positive 16.9% while revenue growth was a positive 8.2%.

First Busey Corp’s PE and PEG Ratio

Forward PE

9.1996

Trailing PE

9.0877

PEG

3.05

Its diluted EPS in the last 12-months stands at $2.28 per share while it has a forward price to earnings multiple of 9.1996 and a PEG multiple of 3.05. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Busey Corp’s profitability.

First Busey Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.1091.

First Busey Corp stock pays annual dividends of $0.92 per share, indicating a yield of 4.6% and a payout ratio of 39.74%.

Balance sheet and cash flow metrics

Total Assets

$12.34 billion

Total Liabilities

$351.05 million

Operating Cash Flow

$0

Capital Expenditure

$983000

Dividend Payout Ratio

39.74%

First Busey Corp ended 2023 with $12.34 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $12.34 billion while shareholder equity stood at $1.15 billion.

First Busey Corp ended 2023 with $0 in deferred long-term liabilities, $351.05 million in other current liabilities, 55279124000.00 in common stock, $128.31 million in retained earnings and $317.87 million in goodwill. Its cash balance stood at $227.16 million and cash and short-term investments were $3.62 billion. The company’s total short-term debt was $351,054,000 while long-term debt stood at $323.85 million.

First Busey Corp’s total current assets stands at $3.62 billion while long-term investments were $3.39 billion and short-term investments were $3.39 billion. Its net receivables were $0 compared to accounts payable of $0 and inventory worth $0.

In 2023, First Busey Corp's operating cash flow was $0 while its capital expenditure stood at $983000.

Comparatively, First Busey Corp paid $0.40 in dividends in 2023.

Other key metrics

Current Trading Price

$20.72

52-Week High

$27.7004

52-Week Low

$20.14

Analyst Target Price

$27

First Busey Corp stock is currently trading at $20.72 per share. It touched a 52-week high of $27.7004 and a 52-week low of $27.7004. Analysts tracking the stock have a 12-month average target price of $27.

Its 50-day moving average was $23.81 and 200-day moving average was $23.76 The short ratio stood at 3.06 indicating a short percent outstanding of 0%.

Around 727.8% of the company’s stock are held by insiders while 5133.8% are held by institutions.