First Busey Corporation (BUSE) Stock AnalysisBUSEFirst Busey Corporation

First Busey Corporation is a financial holding company. Its segments include Banking, Wealth Management and FirsTech. Banking segment provides a full range of banking services to individual and corporate customers through its wholly-owned bank subsidiary, Busey Bank. CrossFirst Bankshares, Inc. is also a wholly-owned bank subsidiary of the Company. Wealth Management segment provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Wealth management services to individuals include trust and estate advisory services and financial planning; businesses include business succession planning and employee retirement plan services, and foundations include investment strategy consulting and fiduciary services. FirsTech segment provides payment technology solutions and also provides additional tools to help clients with billing, reconciliation and others. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

First Busey Corp is a good buy right now, trading at $29.43 with a forward P/E of 10.36, indicating it is undervalued compared to its earnings potential. The recent Q2 earnings report showed a Non-GAAP EPS of $0.69, exceeding expectations by $0.05, which reflects the company's stable profitability. However, the main risk is the declining profitability trend, as indicated by a forecasted 3.1% decline in tangible book value per share for the next year.

8 analysts cover BUSE: 4 rate it Buy, 4 Hold and 0 Sell. The average price target is 28.00.