First Busey Corp (NASDAQ: BUSE). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in First Busey Corp (NASDAQ: BUSE) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BUSE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Busey has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Busey has a slightly positive Appreciation Score of 65 and a good Power Rating of 83, leading to the Highest Value Trend Rating.
Recent Price Action
On 1/3/24, First Busey Corp (NASDAQ: BUSE) stock declined by -3.9%, closing at $23.90. Moreover, trading volume in this decline was unusually high at 176% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.4% during the last week.
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