FirstSun Capital Bancorp (NASDAQ:FSUN) Receives $43.33 Consensus Target Price from Brokerages

FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.3333.

Several analysts have commented on FSUN shares. Keefe, Bruyette & Woods increased their target price on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday.

FirstSun Capital Bancorp Trading Up 1.9%

FirstSun Capital Bancorp stock opened at $38.35 on Tuesday. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $45.32. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.08 and a beta of 0.82. The business’s fifty day simple moving average is $37.41 and its two-hundred day simple moving average is $37.23. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 17.19%.The firm had revenue of $111.36 million during the quarter, compared to analyst estimates of $108.20 million. As a group, equities analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in FirstSun Capital Bancorp by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock worth $547,000 after purchasing an additional 479 shares during the period. California State Teachers Retirement System increased its position in FirstSun Capital Bancorp by 9.4% in the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock worth $318,000 after buying an additional 786 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in FirstSun Capital Bancorp in the third quarter worth about $41,000. Ameritas Investment Partners Inc. bought a new position in shares of FirstSun Capital Bancorp in the second quarter worth about $45,000. Finally, Alliancebernstein L.P. grew its stake in shares of FirstSun Capital Bancorp by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after acquiring an additional 1,929 shares during the period.

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.