FBR Capital Downgrades First Busey (BUSE) to Market Perform

FBR Capital downgraded First Busey (NASDAQ: BUSE) from Outperform to Market Perform with a price target of $32.00 (from $28.00).

Analyst Bob Ramsey commented, "We are downgrading shares of First Busey to Market Perform (from Outperform) based on the company’s liability-sensitive balance sheet and relative outperformance of the shares. First Busey is up 44% year to date, versus small-bank peers, which are up 32%. The company’s liability-sensitive balance sheet also exposes the company to margin compression in a rising rate environment."

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 $30.00 yesterday.

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