10 Most Undervalued Bank Stocks To Invest In According To Analysts

6. First Busey Corporation (NASDAQ:BUSE)

Average Upside Potential: 31.86%

Forward P/E: 9.25

First Busey Corporation (NASDAQ:BUSE) is a financial holding company headquartered in Champaign, Illinois. The firm operates through three segments, Busey Bank which offers a full suite of diversified financial products for individuals and businesses, Busey’s Wealth Management offering wealth and asset management services for individuals and businesses, and lastly, FirsTech which specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions.

First Busey Corporation (NASDAQ:BUSE) remains diversified with premier commercial bank, wealth management, and payment technology solutions for individuals and businesses. The firm derives significant revenue from diverse and complementary fee income sources. The powerful combination of three business lines drives strong noninterest income for the company. Noninterest income represented 29.9% of total revenue for the firm during its most recent quarter, and noninterest income generated from the Wealth Management and FirsTech operating segments comprised 60.4% of total noninterest income.

BUSE leverages its track record as a proven successful acquirer to expand operations through disciplined M&A. Recently, the company received approval from the Federal Reserve to acquire CrossFirst Bankshares, Inc., the holding company for CrossFirst Bank. The transaction will be the biggest in Busey’s history and would result in a combined organization with $20 billion in proforma assets. Busey has been successful in integrating 7 whole bank mergers, aggregating more than $7 billion in total assets and one wealth management firm since 2015.