
First Busey (BUSE) Stock Forecast & Price Target
First Busey (BUSE) Analyst Ratings
Bulls say
First Busey Corporation has demonstrated solid financial performance with a significant sequential increase in tangible book value (TBV) and tangible common equity (TCE), indicating improved profitability metrics, specifically a return on assets (ROA) of 1.1% and a return on tangible common equity (ROTCE) of 11.9%. The company is expecting continued revenue growth from its FirsTech segment, with projected increases in payment revenue, which aligns with the anticipated overall expansion of its fee revenue and shares gained due to enhanced technology platforms. Additionally, First Busey's strategic focus on integrating CFB is expected to drive stronger balance sheet growth and profitability improvements, positioning the company for sustained success in the competitive banking landscape.
Bears say
First Busey Corporation's overall financial outlook appears negative due to a decrease in capital utilization rates, with commercial and industrial line utilization declining from 52% to 49%, indicating reduced activity and potential liquidity issues. Additionally, the company has experienced a downturn in key funding sources, as evidenced by a 4% drop in certificates of deposit and declines in non-CD institutional balances, which could adversely affect net interest income (NII). Lastly, the adjustment of operating EPS estimates downward reflects an anticipated decline in NII amidst a weakened efficiency ratio outlook of 56%-57%, revealing challenges in maintaining profitability relative to peers.
This aggregate rating is based on analysts' research of First Busey and is not a guaranteed prediction by Public.com or investment advice.
First Busey (BUSE) Analyst Forecast & Price Prediction
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