First Busey price target raised to $30 from $29 at Piper Sandler

Piper Sandler raised the firm’s price target on First Busey (BUSE) to $30 from $29 and keeps an Overweight rating on the shares. The firm sees the company well-positioned to garner forward price-to-earnings multiples in-line with peers as consistent low-to-mid-single digit organic balance sheet growth should materialize starting in the second half of 2026 and given potential upside to First Busey’s peer-like profitability profile via likely conservative stable net interest margin guidance amid the current rate environment.