First Busey (BUSE) Stock Forecast, Price Target & Predictions
BUSE Stock Forecast
First Busey stock forecast is as follows: an average price target of $28.25 (represents a 5.29% upside from BUSE’s last price of $26.83) 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 $28.25 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 $26.00. This represents a potential 5.29% upside from BUSE's last price of $26.83.
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 |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | David Konrad | D.A. Davidson | $26.00 | $24.58 | 5.78% | -3.09% |
| Oct 14, 2024 | Terry McEvoy | Stephens | $27.00 | $24.89 | 8.50% | 0.63% |
| Aug 28, 2024 | Andrew Liesch | Piper Sandler | $32.00 | $26.98 | 18.58% | 19.27% |
| Aug 28, 2024 | Jeff Rulis | D.A. Davidson | $29.00 | $26.64 | 8.86% | 8.09% |
| Apr 25, 2024 | David Konrad | D.A. Davidson | $24.00 | $23.00 | 4.35% | -10.55% |
| Aug 01, 2022 | - | Raymond James | $28.00 | $24.65 | 13.59% | 4.36% |
| May 02, 2022 | - | Raymond James | $27.00 | $22.47 | 20.16% | 0.63% |
The latest First Busey stock forecast, released on Oct 24, 2024 by David Konrad from D.A. Davidson, set a price target of $26.00, which represents a 5.78% increase from the stock price at the time of the forecast ($24.58), and a -3.09% decrease from BUSE last price ($26.83).
First Busey Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 5 |
| Avg Price Target | $26.50 | $28.50 | $27.60 |
| Last Closing Price | $26.83 | $26.83 | $26.83 |
| Upside/Downside | -1.23% | 6.22% | 2.87% |
In the current month, the average price target of First Busey stock is $26.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -1.23% decrease as opposed to First Busey's last price of $26.83. This month's average price target is down -7.02% compared to last quarter, and down -3.99% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 14, 2024 | Keefe, Bruyette & Woods | Underperform | Underperform | Hold |
| Oct 14, 2024 | Stephens | Neutral | Equal-Weight | Downgrade |
| 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 Stephens on Oct 14, 2024. The company gave BUSE a "Equal-Weight" 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 | Jun 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 | $106.95M | $105.83M | $105.60M | $104.01M | $97.55M | $96.34M | $103.44M | $102.04M | $98.78M | $96.95M | $103.57M | $104.41M |
| Avg Forecast | $210.21M | $208.95M | $205.41M | $202.24M | $203.11M | $200.24M | $195.24M | $117.56M | $116.45M | $119.02M | $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 | $211.74M | $210.47M | $206.91M | $203.71M | $204.58M | $201.69M | $196.66M | $117.60M | $116.91M | $119.08M | $117.23M | $109.09M | $107.93M | $109.82M | $114.22M | $121.04M | $123.85M | $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 |
| Low Forecast | $208.48M | $207.22M | $203.71M | $200.57M | $201.43M | $198.58M | $193.62M | $117.52M | $115.99M | $118.96M | $115.43M | $109.09M | $107.80M | $107.01M | $112.46M | $119.18M | $121.94M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.01% | 0.94% | 0.98% | 0.98% | 1.01% | 0.98% | 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 $109.09M, and a high forecast of $109.09M. 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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $113.70M | $40.05M | $105.72M | $71.60M | $66.45M | $59.57M | $49.42M | $48.49M | $52.62M | $46.91M | $50.67M | $62.90M | $51.65M | $56.69M | $50.26M | $41.22M | $59.09M | $57.32M |
| Avg Forecast | $67.51M | $67.10M | $65.96M | $64.95M | $65.22M | $64.30M | $62.70M | $37.75M | $37.40M | $38.22M | $37.38M | $59.80M | $34.64M | $34.69M | $36.41M | $54.36M | $59.99M | $37.13M | $34.88M | $49.42M | $33.76M | $33.34M | $32.03M | $42.34M | $32.12M | $31.43M | $31.48M | $51.24M | $33.07M | $33.03M |
| High Forecast | $68.00M | $67.59M | $66.44M | $65.42M | $65.70M | $64.77M | $63.15M | $37.77M | $37.54M | $38.24M | $37.65M | $71.76M | $34.66M | $35.27M | $36.68M | $65.23M | $71.99M | $37.13M | $34.88M | $59.30M | $33.76M | $33.34M | $32.03M | $50.80M | $32.12M | $31.43M | $31.48M | $61.49M | $33.07M | $33.03M |
| Low Forecast | $66.95M | $66.55M | $65.42M | $64.41M | $64.68M | $63.77M | $62.18M | $37.74M | $37.25M | $38.20M | $37.07M | $47.84M | $34.62M | $34.36M | $36.11M | $43.49M | $47.99M | $37.13M | $34.88M | $39.54M | $33.76M | $33.34M | $32.03M | $33.87M | $32.12M | $31.43M | $31.48M | $41.00M | $33.07M | $33.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.28% | 1.15% | 2.90% | 1.32% | 1.11% | 1.60% | 1.42% | 0.98% | 1.56% | 1.41% | 1.58% | 1.49% | 1.61% | 1.80% | 1.60% | 0.80% | 1.79% | 1.74% |
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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $25.75M | $30.67M | $29.36M | $36.79M | $34.39M | $35.66M | $29.82M | $28.44M | $29.93M | $25.94M | $29.77M | $37.82M | $28.34M | $30.83M | $25.81M | $15.36M | $28.57M | $24.83M |
| Avg Forecast | $42.12M | $41.93M | $40.77M | $39.23M | $39.90M | $38.65M | $30.72M | $29.13M | $29.66M | $31.21M | $28.21M | $35.07M | $28.69M | $29.66M | $32.17M | $31.88M | $34.12M | $36.93M | $32.81M | $28.99M | $31.24M | $28.84M | $28.73M | $25.45M | $31.16M | $23.55M | $14.96M | $19.10M | $30.66M | $29.51M |
| High Forecast | $42.52M | $42.33M | $41.16M | $39.60M | $40.28M | $39.01M | $31.01M | $29.40M | $29.94M | $31.22M | $28.22M | $42.09M | $29.87M | $30.24M | $32.48M | $38.26M | $40.94M | $36.93M | $32.81M | $34.78M | $31.24M | $28.84M | $28.73M | $30.54M | $31.16M | $23.55M | $14.96M | $22.92M | $30.66M | $29.51M |
| Low Forecast | $41.67M | $41.48M | $40.33M | $38.80M | $39.47M | $38.23M | $30.39M | $28.53M | $29.09M | $31.20M | $28.20M | $28.06M | $25.18M | $28.50M | $31.83M | $25.51M | $27.29M | $36.93M | $32.81M | $23.19M | $31.24M | $28.84M | $28.73M | $20.36M | $31.16M | $23.55M | $14.96M | $15.28M | $30.66M | $29.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 1.03% | 0.91% | 1.15% | 1.01% | 0.97% | 0.91% | 0.98% | 0.96% | 0.90% | 1.04% | 1.49% | 0.91% | 1.31% | 1.73% | 0.80% | 0.93% | 0.84% |
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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $2.57M | $41.15M | $41.37M | $40.33M | $47.64M | $45.21M | $43.48M | $44.33M | $43.07M | $49.73M | $39.71M | $34.66M | $35.37M | $36.78M | $32.61M | $38.40M | $41.58M | $43.78M |
| Avg Forecast | $72.07M | $71.64M | $70.43M | $69.34M | $69.64M | $68.65M | $66.94M | $40.31M | $39.93M | $40.81M | $39.90M | $54.67M | $36.98M | $37.04M | $38.88M | $49.70M | $49.10M | $39.64M | $37.24M | $45.18M | $36.04M | $35.59M | $34.20M | $23.33M | $34.30M | $33.55M | $33.61M | $47.74M | $35.31M | $35.27M |
| High Forecast | $72.60M | $72.16M | $70.94M | $69.84M | $70.14M | $69.15M | $67.43M | $40.32M | $40.08M | $40.83M | $40.19M | $65.61M | $37.01M | $37.65M | $39.16M | $59.64M | $58.92M | $39.64M | $37.24M | $54.22M | $36.04M | $35.59M | $34.20M | $28.00M | $34.30M | $33.55M | $33.61M | $57.29M | $35.31M | $35.27M |
| Low Forecast | $71.48M | $71.05M | $69.85M | $68.77M | $69.06M | $68.09M | $66.39M | $40.29M | $39.77M | $40.78M | $39.57M | $43.74M | $36.96M | $36.69M | $38.56M | $39.76M | $39.28M | $39.64M | $37.24M | $36.15M | $36.04M | $35.59M | $34.20M | $18.67M | $34.30M | $33.55M | $33.61M | $38.19M | $35.31M | $35.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.07% | 1.11% | 1.06% | 0.81% | 0.97% | 1.14% | 1.17% | 0.98% | 1.20% | 1.40% | 1.16% | 1.49% | 1.03% | 1.10% | 0.97% | 0.80% | 1.18% | 1.24% |
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 | Jun 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 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.46 | $0.55 | $0.53 | $0.66 | $0.62 | $0.64 | $0.54 | $0.51 | $0.54 | $0.46 | $0.54 | $0.69 | $0.52 | $0.56 | $0.47 | $0.28 | $0.52 | $0.45 |
| Avg Forecast | $0.73 | $0.72 | $0.70 | $0.68 | $0.69 | $0.67 | $0.53 | $0.50 | $0.51 | $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 | $0.73 | $0.73 | $0.71 | $0.68 | $0.69 | $0.67 | $0.54 | $0.51 | $0.52 | $0.54 | $0.49 | $0.49 | $0.52 | $0.52 | $0.56 | $0.65 | $0.73 | $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 |
| Low Forecast | $0.72 | $0.72 | $0.70 | $0.67 | $0.68 | $0.66 | $0.52 | $0.49 | $0.50 | $0.54 | $0.49 | $0.49 | $0.43 | $0.49 | $0.55 | $0.63 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.07% | 0.95% | 1.03% | 0.86% | 1.00% | 0.95% | 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 $0.49 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 |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $37.12 | $42.00 | 13.15% | Buy |
| FFNW | First Financial Northwest | $22.09 | $23.50 | 6.38% | Hold |
| CIVB | Civista Bancshares | $22.77 | $24.00 | 5.40% | Buy |
| BUSE | First Busey | $26.83 | $28.25 | 5.29% | Buy |
| FNWB | First Northwest Bancorp | $10.51 | $11.00 | 4.66% | Hold |
| COFS | ChoiceOne Financial Services | $35.87 | $37.00 | 3.15% | - |
| HBCP | Home Bancorp | $50.23 | $50.00 | -0.46% | Buy |
| GSBC | Great Southern Bancorp | $63.59 | $62.00 | -2.50% | Hold |
| IBCP | Independent Bank | $38.15 | $35.50 | -6.95% | Buy |
| FFBC | First Financial Ban | $29.13 | $25.00 | -14.18% | Hold |
| SMBK | SmartFinancial | $36.03 | $30.33 | -15.82% | Hold |
| QCRH | QCR | $91.26 | $64.00 | -29.87% | Buy |