First Busey Redeems $125M Subordinated Notes

First Busey ( (BUSE) ) just unveiled an announcement.

On May 29, 2025, First Busey Corporation held its Annual Meeting of Stockholders where 76.8% of shares were represented. The stockholders elected 13 directors, approved executive officer compensation, and ratified RSM US LLP as the independent accounting firm for 2025. Additionally, the board approved an amendment to increase the share repurchase program by 2,000,000 shares, allowing for up to 2,987,275 shares to be repurchased. On June 1, 2025, Busey redeemed $125 million of its 5.25% Subordinated Notes due 2030, impacting its financial strategy.

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

Average Trading Volume: 564,238

Technical Sentiment Signal: Hold

Current Market Cap: $1.98B

Learn more about BUSE stock on TipRanks’ Stock Analysis page.