Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) PT at $43.33

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $43.3333.

FSUN has been the subject of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods lifted their price objective 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. Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th.

Insider Activity at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $35.28 per share, with a total value of $52,920.00. Following the completion of the acquisition, the director owned 1,500 shares of the company’s stock, valued at $52,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 12.52% of the company’s stock.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth about $961,000. CreativeOne Wealth LLC purchased a new position in shares of FirstSun Capital Bancorp during the 2nd quarter valued at about $503,000. Salzhauer Michael lifted its position in FirstSun Capital Bancorp by 45.1% in the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock worth $4,872,000 after buying an additional 39,048 shares during the last quarter. Geode Capital Management LLC lifted its position in FirstSun Capital Bancorp by 123.3% in the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock worth $10,354,000 after buying an additional 164,507 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in FirstSun Capital Bancorp in the second quarter worth approximately $353,000.

FirstSun Capital Bancorp Price Performance

FSUN stock opened at $35.51 on Wednesday. The firm has a 50 day moving average of $38.07 and a 200-day moving average of $37.43. The firm has a market capitalization of $991.44 million, a P/E ratio of 10.26 and a beta of 0.89. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The business had revenue of $110.18 million for the quarter, compared to analyst estimates of $108.20 million. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

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.