Piper Sandler Increases First Busey (NASDAQ:BUSE) Price Target to $32.00

Posted by Geri Gentry on Jun 26th, 2026

First Busey (NASDAQ:BUSE – Get Free Report) had its price objective upped by research analysts at Piper Sandler from $30.00 to $32.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective would suggest a potential upside of 8.36% from the stock’s current price.

Several other equities analysts also recently commented on BUSE. Weiss Ratings upgraded shares of First Busey from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Stephens raised their target price on shares of First Busey from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, First Busey currently has an average rating of “Moderate Buy” and a consensus target price of $27.83.

Check Out Our Latest Report on BUSE

First Busey Stock Performance

Shares of BUSE traded up $0.12 during mid-day trading on Friday, reaching $29.53. The company’s stock had a trading volume of 107,637 shares, compared to its average volume of 642,448. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. First Busey has a 1-year low of $21.63 and a 1-year high of $29.66. The business has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $25.90. The stock has a market cap of $2.50 billion, a P/E ratio of 13.12 and a beta of 0.72.

First Busey (NASDAQ:BUSE – Get Free Report) last posted its earnings results on Tuesday, April 28th. The bank reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. First Busey had a return on equity of 10.19% and a net margin of 19.16%.The business had revenue of $197.17 million for the quarter, compared to analyst estimates of $197.15 million. As a group, equities research analysts anticipate that First Busey will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at First Busey

In other First Busey news, CAO Scott A. Phillips bought 5,000 shares of the stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $25.90 per share, with a total value of $129,500.00. Following the completion of the acquisition, the chief accounting officer owned 8,350 shares of the company’s stock, valued at $216,265. This trade represents a 149.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Busey

A number of hedge funds have recently added to or reduced their stakes in BUSE. Parkside Financial Bank & Trust acquired a new stake in shares of First Busey during the 4th quarter worth $28,000. Litman Gregory Wealth Management LLC bought a new stake in First Busey during the fourth quarter worth about $30,000. Allworth Financial LP grew its stake in First Busey by 127.8% during the fourth quarter. Allworth Financial LP now owns 1,583 shares of the bank’s stock worth $38,000 after buying an additional 888 shares in the last quarter. Torren Management LLC acquired a new stake in First Busey during the fourth quarter worth about $40,000. Finally, Geneos Wealth Management Inc. grew its stake in First Busey by 726.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,280 shares of the bank’s stock worth $49,000 after buying an additional 2,004 shares in the last quarter. Institutional investors own 56.49% of the company’s stock.

First Busey Company Profile

(Get Free Report)

First Busey (NASDAQ: BUSE) is a bank holding company headquartered in Champaign, Illinois, with roots tracing back to the founding of Busey Bank in 1868. As a regional financial institution, it offers a broad spectrum of banking services to individuals, small businesses, and corporations. Its core activities include commercial lending, deposit-taking, and cash management, which are tailored to meet the needs of local communities across its operating footprint.

In addition to traditional banking operations, First Busey provides wealth management and trust services through its subsidiary aimed at high-net-worth clients and fiduciary accounts.