First Busey Announces Public Offering of Depositary Shares

The latest update is out from First Busey ( (BUSE) ).

On May 13, 2025, First Busey Corporation announced an underwritten public offering of 8,000,000 depositary shares, each representing a 1/40th ownership interest in its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock. The offering aims to raise funds to redeem existing subordinated notes and support corporate growth. The shares are expected to be listed on the Nasdaq Global Select Market, and the offering is anticipated to close on or about May 20, 2025.

The most recent analyst rating on (BUSE) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on First Busey stock, see the BUSE Stock Forecast page.

Spark’s Take on BUSE Stock

According to Spark, TipRanks’ AI Analyst, BUSE is a Outperform.

First Busey’s stock demonstrates strong financial performance with robust revenue growth and efficient operations, though declining net margins and ROE could pose future challenges. The stock’s technical indicators suggest short-term momentum but highlight caution due to longer-term resistance and nearing overbought conditions. Valuation metrics are favorable, with a reasonable P/E ratio and attractive dividend yield. The recent merger with CrossFirst Bankshares significantly enhances Busey’s market position and growth prospects, contributing positively to the stock’s outlook.

To see Spark’s full report on BUSE stock, click here.

More about First Busey

First Busey Corporation is a financial holding company headquartered in Leawood, Kansas, with total assets of $19.46 billion as of March 31, 2025. It operates through its subsidiaries, Busey Bank and CrossFirst Bank, providing a range of financial services including asset management, investment, and payment technology solutions. Busey Bank has 62 banking centers across several states, while CrossFirst Bank operates 16 centers in the Midwest and Southwest regions. The company is recognized for its strong culture and commitment to community development.

Average Trading Volume: 586,179

Technical Sentiment Signal: Hold

Current Market Cap: $2.01B

For a thorough assessment of BUSE stock, go to TipRanks’ Stock Analysis page.