Piper Sandler Reiterates Buy Rating on First Busey Corporation

Piper Sandler has reiterated its buy rating on First Busey Corporation (NasdaqGS:BUSE) as of June 26, 2026. The firm set a price target of $32 for the regional bank's stock.

Other Institutional Activity in First Busey Corporation

Several institutional investors have adjusted their holdings in First Busey Corporation. Wellington Management Group reduced its stake by 767,991 shares, leaving it with 6,979,005 shares valued at about $176.4 million, marking a 9.9% decrease. BlackRock, Inc. also trimmed its position slightly by 20,703 shares, maintaining 6,974,761 shares worth approximately $176.3 million. On the other hand, Dimensional Fund Advisors LP increased its stake by 194,343 shares, holding a total of 5,067,210 shares valued at around $128 million, a 4.0% increase. Vanguard Capital Management LLC opened a new position with 3,625,316 shares valued at about $91.6 million. State Street Corp grew its holdings by 166,649 shares, ending with 3,089,405 shares worth roughly $78.1 million, a 5.7% increase.

First Busey Corporation Stock Down 2.5%

Shares of First Busey Corporation traded near $29.41 on Friday. The company has a market cap of approximately $2.49 billion and trades with a P/E ratio of 12.1. The stock has seen a 52-week low of $21.63 and a high of $29.58, with a 50-day moving average of $27.12 and a 200-day moving average of $25.12. First Busey has a beta of 0.72, indicating lower volatility relative to the market.

Recent Earnings

First Busey Corporation reported revenue of $780.7 million, with a modest growth rate of 1.43%. The company's earnings per share stood at $2.43, while it maintained a net margin of 27.57% and a return on equity of 9.37%. The next earnings announcement is scheduled for July 28, 2026.

Dividend

The company offers an annual dividend rate of $1.04, resulting in a yield of 3.54%. Its dividend payout ratio is 41.56%, indicating a balanced approach to returning capital to shareholders.

Insider Buying and Selling at First Busey Corporation

Recent insider activity at First Busey Corporation includes sales by Michael David Cassens, who sold 6,278 shares on June 15, 2026, at an average price of $28.99 under a planned sale. He also sold 750 shares on May 15, 2026, at $26.11. On the buying side, Stanley Bradshaw purchased 600 shares on May 12, 2026, at $25.99, and Scott Phillips, the Chief Accounting Officer, bought 5,000 shares on May 4, 2026, at $25.90.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its buy rating on First Busey Corporation with a price target of $32. The consensus among analysts is a buy rating, with a mean price target of $29.29, based on seven analyst opinions.

About First Busey Corporation

First Busey Corporation is a bank holding company headquartered in Leawood, Kansas. It operates through Busey Bank, offering retail and commercial banking services across the United States. The company has three main segments: Banking, Wealth Management, and FirsTech. Led by CEO Van A. Dukeman, the company employs about 1,832 people and provides a wide range of financial services, including deposit products, loans, asset management, and payment technology solutions.

Bottom Line

Piper Sandler's reiterated buy rating and $32 price target for First Busey Corporation highlight continued confidence in the bank's prospects. Investors often track such analyst updates for insights into potential stock performance. It's important to remember that these ratings are based on backward-looking data and may not reflect current market conditions.