Regional bank First Busey (BUSE) operates primarily in the Midwest and also has operations in Florida. The stock is off approximately 7% from its recent highs, creating a viable entry point on a bank that has been experiencing good loan growth, good credit results and should benefit as long-term interest rates rise.

Given these tailwinds, I believe BUSE can earn $2.35 a share this year, reflecting roughly 12% growth. At 11.8X this estimate and with a 3.3% dividend yield, the stock is a solid value here. Buy BUSE under $29. My target is $32.

If you are an Inner Circle Subscriber following the Model Portfolio, open a 5% position in BUSE in the Value Sector.