First Busey Corporation·Financial Services

First Busey (BUSE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

First Busey (BUSE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Savvy Advisors Inc. purchased a new position in First Busey Corporation (NASDAQ: BUSE) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 122,101 shares of the bank's stock, valued at approximately $2,905,000. Savvy Advisors Inc. owned 0.14% of First Busey at

First Busey Corporation (NASDAQ: BUSE - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,074,813 shares, a growth of 28.8% from the January 29th total of 1,610,775 shares. Based on an average daily volume of 755,772 shares, the days-to-cover ratio

Cozad Asset Management Inc. lessened its stake in shares of First Busey Corporation (NASDAQ: BUSE) by 28.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,069 shares of the bank's stock after selling 99,668 shares during the quarter. Cozad Asset Management

First Busey Corporation shows strong net interest margin post-CrossFirst acquisition, reaching its highest level in six years. The loan-to-deposit ratio has risen to 90%, requiring close monitoring as further increases could pressure earnings and funding. Preferred shares offer a 7.9% yield, but current pricing above the call price limits true return; patience for better entry is warranted.
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 through three segments: Banking, FirsTech, 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 and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset management, philanthropic advisory, tax preparation, and professional farm management services; and commercial depository services, such as cash management services. Additionally, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.
Financial Services
Banks - Regional
1,965
1998-10-06
0.71