FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target Raised to $44.00 at Keefe, Bruyette & Woods

FirstSun Capital Bancorp (NASDAQ:FSUN) had its target price raised by Keefe, Bruyette & Woods from $42.00 to $44.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday. Finally, Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Trading Up 0.7%

Shares of FSUN opened at $38.80 on Wednesday. The stock’s 50-day moving average is $35.60 and its two-hundred day moving average is $36.53. The stock has a market cap of $1.08 billion, a PE ratio of 12.28 and a beta of 0.95. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $45.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The company had revenue of $107.29 million during the quarter, compared to analyst estimates of $107.10 million. FirstSun Capital Bancorp had a net margin of 15.94% and a return on equity of 9.00%. Equities analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FSUN. Mercer Global Advisors Inc. ADV grew its position in shares of FirstSun Capital Bancorp by 49.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,502 shares of the company’s stock valued at $369,000 after buying an additional 3,143 shares during the last quarter. Citadel Advisors LLC lifted its holdings in FirstSun Capital Bancorp by 170.1% in the third quarter. Citadel Advisors LLC now owns 49,421 shares of the company’s stock worth $1,917,000 after acquiring an additional 31,125 shares during the last quarter. Azora Capital LP boosted its stake in FirstSun Capital Bancorp by 98.1% in the third quarter. Azora Capital LP now owns 29,719 shares of the company’s stock valued at $1,153,000 after acquiring an additional 14,716 shares during the period. Bank of America Corp DE grew its holdings in shares of FirstSun Capital Bancorp by 376.9% during the third quarter. Bank of America Corp DE now owns 75,038 shares of the company’s stock valued at $2,911,000 after purchasing an additional 59,304 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of FirstSun Capital Bancorp by 0.4% during the third quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after purchasing an additional 1,929 shares during the last quarter.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers.