FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded at Zacks Research

Zacks Research upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on FSUN. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on 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 shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, FirstSun Capital Bancorp presently has an average rating of “Buy” and a consensus price target of $43.33.

FirstSun Capital Bancorp Trading Up 2.9%

Shares of FirstSun Capital Bancorp stock opened at $39.48 on Wednesday. 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 has a 1 year low of $29.95 and a 1 year high of $45.32. The firm has a market cap of $1.10 billion, a PE ratio of 11.41 and a beta of 0.82. The company has a 50 day simple moving average of $37.54 and a two-hundred day simple moving average of $37.24.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, January 26th. 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 net margin of 17.19% and a return on equity of 9.12%. The firm had revenue of $111.36 million for the quarter, compared to analysts’ expectations of $108.20 million. Analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in FirstSun Capital Bancorp in the fourth quarter valued at approximately $214,000. Daytona Street Capital LLC purchased a new position in shares of FirstSun Capital Bancorp in the fourth quarter worth $616,000. SG Americas Securities LLC bought a new stake in FirstSun Capital Bancorp during the 4th quarter valued at $312,000. JPMorgan Chase & Co. boosted its position in FirstSun Capital Bancorp by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock valued at $4,028,000 after buying an additional 16,337 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in FirstSun Capital Bancorp by 49.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,502 shares of the company’s stock worth $369,000 after acquiring an additional 3,143 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. 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.