First Busey (BUSE) Stock Forecast, Price Target & Predictions
BUSE Stock Forecast
First Busey stock forecast is as follows: an average price target of $29.67 (represents a 12.69% upside from BUSE’s last price of $26.33) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
BUSE Price Target
The average price target for First Busey (BUSE) is $29.67 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $32.00 to $28.00. This represents a potential 12.69% upside from BUSE's last price of $26.33.
BUSE Analyst Ratings
According to 3 Wall Street analysts, First Busey's rating consensus is 'Buy'. The analyst rating breakdown for BUSE stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
First Busey Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 28, 2024 | Andrew Liesch | Piper Sandler | $32.00 | $26.98 | 18.58% | 21.53% |
| Aug 28, 2024 | Jeff Rulis | D.A. Davidson | $29.00 | $26.64 | 8.86% | 10.14% |
| Apr 25, 2024 | David Konrad | D.A. Davidson | $24.00 | $23.00 | 4.35% | -8.85% |
| Aug 01, 2022 | - | Raymond James | $28.00 | $24.65 | 13.59% | 6.34% |
| May 02, 2022 | - | Raymond James | $27.00 | $22.47 | 20.16% | 2.54% |
The latest First Busey stock forecast, released on Aug 28, 2024 by Andrew Liesch from Piper Sandler, set a price target of $32.00, which represents a 18.58% increase from the stock price at the time of the forecast ($26.98), and a 21.53% increase from BUSE last price ($26.33).
First Busey Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 3 |
| Avg Price Target | $30.50 | $30.50 | $28.33 |
| Last Closing Price | $26.33 | $26.33 | $26.33 |
| Upside/Downside | 15.84% | 15.84% | 7.60% |
In the current month, the average price target of First Busey stock is $30.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.84% increase as opposed to First Busey's last price of $26.33. This month's average price target is down 0.00% compared to last quarter, and up 7.66% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 29, 2024 | Keefe, Bruyette & Woods | Underperform | Underperform | Hold |
| Aug 29, 2024 | Stephens | Neutral | Neutral | Hold |
| Aug 28, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 28, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 01, 2022 | Raymond James | Outperform | Outperform | Hold |
| May 02, 2022 | Raymond James | Outperform | Outperform | Hold |
First Busey's last stock rating was published by Keefe, Bruyette & Woods on Aug 29, 2024. The company gave BUSE a "Underperform" rating, the same as its previous rate.
First Busey Financial Forecast
First Busey Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $128.70M | $108.80M | $106.68M | $117.70M | $120.23M | $117.24M | - | $105.83M | $105.60M | $104.01M | $97.55M | $96.34M | $103.44M | $102.04M | $98.78M | $96.95M | $103.57M | $104.41M |
| Avg Forecast | $213.58M | $211.85M | $208.35M | $205.17M | $205.56M | $202.75M | $198.46M | $121.60M | $120.03M | $119.00M | $116.39M | $109.09M | $107.87M | $108.04M | $113.40M | $120.17M | $122.96M | $115.63M | $108.63M | $104.06M | $105.12M | $103.81M | $99.74M | $97.91M | $100.03M | $97.87M | $98.04M | $99.63M | $102.97M | $102.86M |
| High Forecast | $215.61M | $213.87M | $210.32M | $207.11M | $207.51M | $204.68M | $200.35M | $122.76M | $121.17M | $119.38M | $117.49M | $110.12M | $107.93M | $109.82M | $114.47M | $121.31M | $124.12M | $116.73M | $108.63M | $105.01M | $106.08M | $104.76M | $100.65M | $98.80M | $100.94M | $98.76M | $98.93M | $100.54M | $103.91M | $103.79M |
| Low Forecast | $211.70M | $209.98M | $206.51M | $203.36M | $203.75M | $200.96M | $196.71M | $120.53M | $118.97M | $118.61M | $115.36M | $108.12M | $107.80M | $107.01M | $112.40M | $119.11M | $121.87M | $114.61M | $108.63M | $102.58M | $103.62M | $102.33M | $98.31M | $96.51M | $98.61M | $96.47M | $96.64M | $98.21M | $101.51M | $101.39M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.01% | 0.94% | 0.98% | 0.98% | 1.01% | - | 1.02% | 1.00% | 1.00% | 0.98% | 0.98% | 1.03% | 1.04% | 1.01% | 0.97% | 1.01% | 1.02% |
First Busey's average Quarter revenue forecast for Mar 24 based on 1 analysts is $109.09M, with a low forecast of $108.12M, and a high forecast of $110.12M. BUSE's average Quarter revenue forecast represents a -15.24% decrease compared to the company's last Quarter revenue of $128.70M (Dec 23).
First Busey EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $113.70M | $40.05M | $105.72M | $71.60M | $66.45M | $59.57M | - | $48.49M | $52.62M | $46.91M | $50.67M | $62.90M | $51.65M | $56.69M | $50.26M | $41.22M | $59.09M | $57.32M |
| Avg Forecast | $68.59M | $68.03M | $66.91M | $65.88M | $66.01M | $65.11M | $63.73M | $39.05M | $38.54M | $38.21M | $37.38M | $59.80M | $34.64M | $34.69M | $36.41M | $54.36M | $39.48M | $46.73M | $34.88M | $49.42M | $54.54M | $42.48M | $49.77M | $42.34M | $53.56M | $35.95M | $30.12M | $51.24M | $60.20M | $65.04M |
| High Forecast | $69.24M | $68.68M | $67.54M | $66.51M | $66.64M | $65.73M | $64.34M | $39.42M | $38.91M | $38.34M | $37.73M | $71.76M | $34.66M | $35.27M | $36.76M | $65.23M | $39.86M | $56.08M | $34.88M | $59.30M | $65.45M | $50.98M | $59.72M | $50.80M | $64.28M | $43.14M | $36.14M | $61.49M | $72.24M | $78.04M |
| Low Forecast | $67.98M | $67.43M | $66.32M | $65.30M | $65.43M | $64.53M | $63.17M | $38.71M | $38.20M | $38.09M | $37.05M | $47.84M | $34.62M | $34.36M | $36.09M | $43.49M | $39.14M | $37.39M | $34.88M | $39.54M | $43.63M | $33.99M | $39.81M | $33.87M | $42.85M | $28.76M | $24.10M | $41.00M | $48.16M | $52.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.28% | 1.15% | 2.90% | 1.32% | 1.68% | 1.27% | - | 0.98% | 0.96% | 1.10% | 1.02% | 1.49% | 0.96% | 1.58% | 1.67% | 0.80% | 0.98% | 0.88% |
1 analysts predict BUSE's average Quarter EBITDA for Mar 24 to be $59.80M, with a high of $71.76M and a low of $47.84M. This is -47.41% lower than First Busey's previous annual EBITDA (Dec 23) of $113.70M.
First Busey Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $25.75M | $30.67M | $29.36M | $36.79M | $34.39M | $35.66M | - | $28.44M | $29.93M | $25.94M | $29.77M | $37.82M | $28.34M | $30.83M | $25.81M | $15.36M | $28.57M | $24.83M |
| Avg Forecast | $43.97M | $43.20M | $41.85M | $40.11M | $41.08M | $39.73M | $32.11M | $31.10M | $31.43M | $31.14M | $28.16M | $35.07M | $28.64M | $29.60M | $32.11M | $31.88M | $41.94M | $25.84M | $31.99M | $28.99M | $31.01M | $23.49M | $29.23M | $25.45M | $29.39M | $19.55M | $15.47M | $19.10M | $29.11M | $28.17M |
| High Forecast | $44.51M | $43.73M | $42.36M | $40.61M | $41.58M | $40.22M | $32.50M | $31.48M | $31.82M | $31.53M | $28.50M | $42.09M | $29.81M | $30.18M | $32.50M | $38.26M | $42.46M | $31.01M | $31.99M | $34.78M | $37.22M | $28.19M | $35.08M | $30.54M | $35.27M | $23.46M | $18.56M | $22.92M | $34.93M | $33.80M |
| Low Forecast | $43.46M | $42.70M | $41.37M | $39.65M | $40.60M | $39.27M | $31.74M | $30.74M | $31.07M | $30.57M | $27.83M | $28.06M | $25.13M | $28.44M | $31.74M | $25.51M | $41.46M | $20.67M | $31.99M | $23.19M | $24.81M | $18.79M | $23.39M | $20.36M | $23.52M | $15.64M | $12.37M | $15.28M | $23.29M | $22.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 1.04% | 0.91% | 1.15% | 0.82% | 1.38% | - | 0.98% | 0.96% | 1.10% | 1.02% | 1.49% | 0.96% | 1.58% | 1.67% | 0.80% | 0.98% | 0.88% |
First Busey's average Quarter net income forecast for Mar 24 is $35.07M, with a range of $28.06M to $42.09M. BUSE's average Quarter net income forecast represents a 36.21% increase compared to the company's last Quarter net income of $25.75M (Dec 23).
First Busey SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $2.57M | $41.15M | $41.37M | $40.33M | $47.64M | $45.21M | - | $44.33M | $43.07M | $49.73M | $39.71M | $34.66M | $35.37M | $36.78M | $32.61M | $38.40M | $41.58M | $43.78M |
| Avg Forecast | $73.23M | $72.64M | $71.43M | $70.34M | $70.48M | $69.51M | $68.05M | $41.69M | $41.15M | $40.80M | $39.90M | $54.67M | $36.98M | $37.04M | $38.88M | $49.70M | $42.16M | $49.54M | $37.24M | $45.18M | $44.64M | $45.04M | $39.00M | $23.33M | $36.67M | $23.32M | $19.54M | $47.74M | $42.36M | $49.67M |
| High Forecast | $73.92M | $73.33M | $72.11M | $71.01M | $71.15M | $70.17M | $68.69M | $42.09M | $41.54M | $40.93M | $40.28M | $65.61M | $37.01M | $37.65M | $39.25M | $59.64M | $42.56M | $59.45M | $37.24M | $54.22M | $53.56M | $54.05M | $46.80M | $28.00M | $44.01M | $27.99M | $23.45M | $57.29M | $50.84M | $59.61M |
| Low Forecast | $72.58M | $72.00M | $70.80M | $69.72M | $69.86M | $68.90M | $67.44M | $41.33M | $40.79M | $40.67M | $39.55M | $43.74M | $36.96M | $36.69M | $38.54M | $39.76M | $41.78M | $39.63M | $37.24M | $36.15M | $35.71M | $36.03M | $31.20M | $18.67M | $29.34M | $18.66M | $15.63M | $38.19M | $33.89M | $39.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.07% | 1.11% | 1.06% | 0.81% | 1.13% | 0.91% | - | 0.98% | 0.96% | 1.10% | 1.02% | 1.49% | 0.96% | 1.58% | 1.67% | 0.80% | 0.98% | 0.88% |
First Busey's average Quarter SG&A projection for Mar 24 is $54.67M, based on 1 Wall Street analysts, with a range of $43.74M to $65.61M. The forecast indicates a 2024.06% rise compared to BUSE last annual SG&A of $2.57M (Dec 23).
First Busey EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.46 | $0.55 | $0.53 | $0.66 | $0.62 | $0.64 | - | $0.51 | $0.54 | $0.46 | $0.54 | $0.69 | $0.52 | $0.56 | $0.47 | $0.28 | $0.52 | $0.45 |
| Avg Forecast | $0.76 | $0.75 | $0.72 | $0.69 | $0.71 | $0.69 | $0.56 | $0.54 | $0.54 | $0.54 | $0.49 | $0.49 | $0.49 | $0.51 | $0.56 | $0.64 | $0.72 | $0.64 | $0.57 | $0.52 | $0.54 | $0.50 | $0.50 | $0.52 | $0.54 | $0.41 | $0.26 | $0.37 | $0.53 | $0.51 |
| High Forecast | $0.77 | $0.76 | $0.73 | $0.70 | $0.72 | $0.70 | $0.56 | $0.54 | $0.55 | $0.54 | $0.49 | $0.49 | $0.52 | $0.52 | $0.56 | $0.65 | $0.73 | $0.65 | $0.57 | $0.52 | $0.55 | $0.50 | $0.50 | $0.53 | $0.54 | $0.41 | $0.26 | $0.37 | $0.54 | $0.52 |
| Low Forecast | $0.75 | $0.74 | $0.72 | $0.69 | $0.70 | $0.68 | $0.55 | $0.53 | $0.54 | $0.53 | $0.48 | $0.48 | $0.43 | $0.49 | $0.55 | $0.63 | $0.72 | $0.63 | $0.57 | $0.51 | $0.53 | $0.49 | $0.49 | $0.51 | $0.53 | $0.40 | $0.25 | $0.36 | $0.52 | $0.50 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.07% | 0.95% | 1.03% | 0.86% | 1.00% | - | 0.98% | 1.00% | 0.92% | 1.09% | 1.32% | 0.97% | 1.38% | 1.82% | 0.76% | 0.98% | 0.88% |
According to 1 Wall Street analysts, First Busey's projected average Quarter EPS for Mar 24 is $0.49, with a low estimate of $0.48 and a high estimate of $0.49. This represents a 5.80% increase compared to BUSE previous annual EPS of $0.46 (Dec 23).
First Busey Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CIVB | Civista Bancshares | $17.41 | $27.00 | 55.08% | Buy |
| HTBI | HomeTrust Bancshares | $35.29 | $42.00 | 19.01% | Buy |
| BUSE | First Busey | $26.33 | $29.67 | 12.69% | Buy |
| IBCP | Independent Bank | $33.62 | $35.75 | 6.34% | Buy |
| FNWB | First Northwest Bancorp | $10.82 | $11.50 | 6.28% | Hold |
| FFNW | First Financial Northwest | $22.68 | $23.50 | 3.62% | Hold |
| FFBC | First Financial Ban | $25.14 | $25.00 | -0.56% | Hold |
| SMBK | SmartFinancial | $29.39 | $26.50 | -9.83% | Hold |
| QCRH | QCR | $74.28 | $64.00 | -13.84% | Buy |
BUSE Forecast FAQ
Is First Busey a good buy?
Yes, according to 3 Wall Street analysts, First Busey (BUSE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of BUSE's total ratings.
What is BUSE's price target?
First Busey (BUSE) average price target is $29.67 with a range of $28 to $32, implying a 12.69% from its last price of $26.33. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will First Busey stock go up soon?
According to Wall Street analysts' prediction for BUSE stock, the company can go up by 12.69% (from the last price of $26.33 to the average price target of $29.67), up by 21.53% based on the highest stock price target, and up by 6.34% based on the lowest stock price target.
Can First Busey stock reach $40?
BUSE's average twelve months analyst stock price target of $29.67 does not support the claim that First Busey can reach $40 in the near future.
What is First Busey's current price target trend?
2 Wall Street analysts forecast a $30.5 price target for First Busey (BUSE) this month, up 15.84% from its last price of $26.33. Compared to the last 3 and 12 months, the average price target increased by 15.84% and increased by 7.60%, respectively.
What are First Busey's analysts' financial forecasts?
First Busey's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $728.38M (high $735.29M, low $721.95M), average EBITDA is $233.9M (high $236.12M, low $231.84M), average net income is $144.01M (high $145.78M, low $142.35M), average SG&A $249.73M (high $252.1M, low $247.53M), and average EPS is $2.49 (high $2.52, low $2.46). BUSE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $838.95M (high $846.91M, low $831.54M), average EBITDA is $269.41M (high $271.97M, low $267.03M), average net income is $169.12M (high $171.21M, low $167.18M), average SG&A $287.64M (high $290.37M, low $285.1M), and average EPS is $2.92 (high $2.96, low $2.89).
Did the BUSE's actual financial results beat the analysts' financial forecasts?
Based on First Busey's last annual report (Dec 2023), the company's revenue was $50.82M, which missed the average analysts forecast of $449.48M by -88.69%. Apple's EBITDA was $-485K, missing the average prediction of $160.11M by -100.30%. The company's net income was $0, missing the average estimation of $122.23M by -100.00%. Apple's SG&A was $7.15M, missing the average forecast of $162.61M by -95.60%. Lastly, the company's EPS was $0, missing the average prediction of $2.2 by -100.00%. In terms of the last quarterly report (Dec 2023), First Busey's revenue was $128.7M, beating the average analysts' forecast of $107.87M by 19.31%. The company's EBITDA was $113.7M, beating the average prediction of $34.64M by 228.23%. First Busey's net income was $25.75M, missing the average estimation of $28.64M by -10.09%. The company's SG&A was $2.57M, missing the average forecast of $36.98M by -93.04%. Lastly, the company's EPS was $0.46, missing the average prediction of $0.495 by -7.07%