In a report released yesterday, Terry McEvoy from Stephens maintained a Buy rating on First Busey Corp (BUSE), with a price target of $30. The company’s shares closed yesterday at $24.71, close to its 52-week low of $24.58.
According to TipRanks.com, McEvoy is a 4-star analyst with an average return of 5.2% and a 54.9% success rate. McEvoy covers the Financial sector, focusing on stocks such as Chemical Financial Corp, First Financial Bancorp, and Wintrust Financial Corp.
Currently, the analyst consensus on First Busey Corp is a Strong Buy with an average price target of $34.20.
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Based on First Busey Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $26.86 million. In comparison, last year the company had a net profit of $18.78 million.
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First Busey Corp. is a bank holding company, which provides financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. It operates the following segments: Banking, Remittance Processing, and Wealth Management.
