First Busey and CrossFirst Bankshares announce shareholder approvals of merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: SeekingAlpha
Merger Approval: First Busey Corporation and CrossFirst Bankshares have received shareholder approval for their merger, which is expected to close in early to mid-2025.
Combined Financials: The merger will result in combined assets of approximately $20 billion, including $17 billion in deposits and $15 billion in loans.
Analyst Views on BUSE
Wall Street analysts forecast BUSE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BUSE is 26.33 USD with a low forecast of 24.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 24.860
Low
24.00
Averages
26.33
High
29.00
Current: 24.860
Low
24.00
Averages
26.33
High
29.00
About BUSE
First Busey Corporation is a financial holding company. Its segments include Banking, Wealth Management and FirsTech. Banking segment provides a full range of banking services to individual and corporate customers through its wholly-owned bank subsidiary, Busey Bank. CrossFirst Bankshares, Inc. is also a wholly-owned bank subsidiary of the Company. Wealth Management segment provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Wealth management services to individuals include trust and estate advisory services and financial planning; businesses include business succession planning and employee retirement plan services, and foundations include investment strategy consulting and fiduciary services. FirsTech segment provides payment technology solutions and also provides additional tools to help clients with billing, reconciliation and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
