First Busey Corp Receives a Hold from KBW

By Austin Angelo

KBW analyst Michael Perito reiterated a Hold rating on First Busey Corp (NASDAQ: BUSE) yesterday and set a price target of $31. The company’s shares closed yesterday at $28.83.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 22.1% and a 71.9% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

First Busey Corp has an analyst consensus of Moderate Buy, with a price target consensus of $33.

The company has a one year high of $32.22 and a one year low of $20.05. Currently, First Busey Corp has an average volume of 127.3K.

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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. The company operates its business through three segments: Banking, Remittance Processing and Wealth Management. The Banking segment provides a full range of banking services to individual and corporate customers through its branch networks. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management operating segment provides asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services and farm and brokerage services. First Busey was founded in 1980 and is headquartered in Champaign, IL.