Busey has announced an enhancement to its existing share repurchase initiative, as per a recent regulatory disclosure. On May 29, 2025, the company's board decided to increase the buyback limit by an additional 2 million shares. Consequently, Busey (BUSE, Financial) now holds the authorization to repurchase up to 2,987,275 shares of its common stock. This buyback program operates without a set termination date, allowing the company flexibility to adjust, extend, or halt the program based on the board's discretion.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for First Busey Corp (BUSE, Financial) is $26.17 with a high estimate of $30.00 and a low estimate of $23.00. The average target implies an upside of 19.10% from the current price of $21.97. More detailed estimate data can be found on the First Busey Corp (BUSE) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, First Busey Corp's (BUSE, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Busey Corp (BUSE, Financial) in one year is $34.14, suggesting a upside of 55.39% from the current price of $21.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Busey Corp (BUSE) Summary page.
