FirstSun Capital Bancorp (NASDAQ:FSUN) Trading Up 0.1% After Better-Than-Expected Earnings

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) traded up 0.1% during mid-day trading on Monday after the company announced better than expected quarterly earnings. The company traded as high as $38.70 and last traded at $37.81. 246,471 shares changed hands during trading, an increase of 156% from the average session volume of 96,346 shares. The stock had previously closed at $37.77.

The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of large investors have recently modified their holdings of FSUN. Millennium Management LLC grew its holdings in shares of FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after acquiring an additional 110,662 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in FirstSun Capital Bancorp by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after purchasing an additional 12,449 shares during the last quarter. Empowered Funds LLC grew its stake in FirstSun Capital Bancorp by 103.1% in the first quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after purchasing an additional 36,813 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth approximately $509,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth approximately $932,000.

FirstSun Capital Bancorp Trading Up 0.1%

The company has a market cap of $1.05 billion, a P/E ratio of 11.97 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $36.98 and a 200-day moving average price of $37.21.

FirstSun Capital Bancorp Company Profile

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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.