DA Davidson Reiterates Neutral Rating on First Busey (BUSE)

DA Davidson analyst Jeff Rulis reiterated a Neutral rating and $25.00 price target on First Busey (NASDAQ: BUSE).

The analyst commented, "Following what we gathered to be positive commentary from BUSE during our Midwestern Bank Summit (MBS) hosted mid last week, the bank's CFO departure news late last week came as a surprise. Interim support has been identified and a national search has begun. The timing of the departure is unique less than one week from the anticipated closing of the CFB deal, although the bank mentioned the news is unrelated to the deal. Separately, we are taking the opportunity to revise our earnings model modestly but remain NEUTRAL rated with a $25 target."

For an analyst ratings summary and ratings history on First Busey click here. For more ratings news on First Busey click here.

Shares of First Busey closed at $24.00 yesterday.

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