First Busey’s CFO departure ‘very surprising,’ says Piper Sandler
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: Business Insider
CFO Departure: First Busey announced the unexpected departure of CFO Jeff Jones, which was not related to any disagreements regarding the company's financials or operations, nor the acquisition of CrossFirst.
Market Reaction: Piper Sandler expressed surprise at Jones' exit but maintained an Overweight rating on First Busey stock with a price target of $28, noting that Jones was enthusiastic about the merger with CrossFirst.
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.
