
First Busey (BUSE) Stock Forecast & Price Target
First Busey (BUSE) Analyst Ratings
Bulls say
First Busey Corporation shows a commendable performance, highlighted by a 1.6% increase in spread income to $157.6 million, exceeding prior projections, and robust regulatory capital ratios, including a 12.4% CET1 ratio reflecting a 12 basis point increase quarter-over-quarter. The company's operational efficiency is further demonstrated by a positive trend in total banking metrics, such as a notable rise in overall C&I utilization to 50%, indicating an increase in demand for commercial services. Additionally, improvements in tangible book value (TBV) and tangible common equity (TCE), alongside an expected growth trajectory in payment revenue from FirsTech, suggest strong internal capital generation and future revenue potential, bolstering a positive outlook for the company's stock performance.
Bears say
First Busey Corporation's financial outlook appears negative as the company's payment revenue from its FirsTech segment declined by 4% quarter-over-quarter, with anticipated revenue recovery still projected to fall short of prior levels. Additionally, a noticeable decrease in commercial and industrial line utilization from 52% to 49% suggests weakening demand, which is further compounded by a reduction in non-CD interest-bearing deposits and certificates of deposit. Furthermore, lowered operating earnings per share (EPS) estimates signal a declining net interest income (NII) expectation, alongside a less favorable efficiency ratio outlook due to anticipated higher operating expenses and sluggish loan growth, indicating potential challenges in maintaining profitability.
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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