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First Busey Corp (BUSE) Files 10-K for the Fiscal Year Ended on December 31, 2018

GuruFocus.com

- By insider

First Busey Corp (BUSE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services. First Busey Corp has a market cap of $1.5 billion; its shares were traded at around $26.91 with a P/E ratio of 13.33 and P/S ratio of 3.59. The dividend yield of First Busey Corp stocks is 2.99%.


For the last quarter First Busey Corp reported a revenue of $83.4 million, compared with the revenue of $86.61 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $331.4 million, an increase of 15.1% from last year. For the last five years First Busey Corp had an average revenue growth rate of 17.3% a year.

The reported diluted earnings per share was $2.01 for the year, an increase of 38.6% from previous year. Over the last five years First Busey Corp had an EPS growth rate of 15.8% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, First Busey Corp has the cash and cash equivalents of $240.0 million, compared with $353.3 million in the previous year. The long term debt was $219.8 million, compared with $225.1 million in the previous year. First Busey Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $26.91, First Busey Corp is traded at 17.6% premium to its historical median P/S valuation band of $22.88. The P/S ratio of the stock is 3.59, while the historical median P/S ratio is 3.05. The stock lost 9.95% during the past 12 months.

For the complete 20-year historical financial data of BUSE, click here.

This article first appeared on GuruFocus.