First Busey (BUSE) Soars 5.7%: Is Further Upside Left in the Stock?

Company Overview - First Busey (BUSE) shares increased by 5.7% to close at $20.47, following a notable trading volume that exceeded typical levels, contrasting with an 8.9% loss over the past four weeks [1] - The stock surge was influenced by a broader market increase, particularly after President Trump's announcement of a 90-day tariff pause for non-retaliating nations, which positively impacted investor sentiment [2] Earnings Expectations - First Busey is projected to report quarterly earnings of$ 0.53 per share, reflecting a year-over-year increase of 12.8% [2] - Expected revenues for the upcoming report are $138.14 million, representing a 24.7% increase compared to the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for First Busey has been revised 0.5% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4] - Empirical research suggests that trends in earnings estimate revisions are strongly linked to near-term stock price movements, highlighting the importance of monitoring these revisions [3] Industry Context - First Busey operates within the Zacks Banks - Midwest industry, where Park National (PRK) also resides, having closed 7.4% higher at$ 153.62, despite a -6% return over the past month [4] - Park National's consensus EPS estimate remains unchanged at $2.20, indicating a year-over-year change of 2.3%, and it currently holds a Zacks Rank of 2 (Buy) [5]