BUSE Stock Summary and Trading Ideas (First Busey | NASDAQ:BUSE)

First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services with banking centers in Illinois, Missouri, Florida, and Indiana. The company's operations are managed through three operating segments consisting of Banking, FirsTech, and Wealth Management. The banking segment generates a vast majority of its revenue.

First Busey trades on the NASDAQ stock market under the symbol BUSE.

As of April 23, 2024, BUSE stock price climbed to $23.27 with 96,061 million shares trading.

BUSE has a beta of 0.87, meaning it tends to be less sensitive to market movements. BUSE has a correlation of 0.16 to the broad based SPY ETF.

BUSE has a market cap of $1.32 billion. This is considered a Small Cap stock.

Last quarter First Busey reported $108 million in Revenue and $.52 earnings per share. This beat revenue expectation by $18,000 and exceeded earnings estimates by $.03.

In the last 3 years, BUSE stock traded as high as $29.73 and as low as $16.26.

The top ETF exchange traded funds that BUSE belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

BUSE has outperformed the market in the last year with a price return of +28.1% while the SPY ETF gained +24.3%. However, in the short term, BUSE had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.9% vs +4.9% return in SPY. But in the last 2 weeks, BUSE shares have fared better than the market returning 0.0% compared to SPY -2.5%.

BUSE support price is $22.41 and resistance is $23.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BUSE stock will trade within this expected range on the day.