Analysts Set FirstSun Capital Bancorp (NASDAQ:FSUN) Target Price at $44.00

FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.00.

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th.

FirstSun Capital Bancorp Stock Performance

Shares of FirstSun Capital Bancorp stock opened at $34.04 on Tuesday. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.59 billion, a PE ratio of 10.04 and a beta of 0.31. The business has a 50 day moving average price of $36.25 and a 200-day moving average price of $37.17.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The firm had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. Equities analysts anticipate that FirstSun Capital Bancorp will post 2.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of FirstSun Capital Bancorp by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after buying an additional 189,493 shares during the last quarter. State Street Corp raised its holdings in FirstSun Capital Bancorp by 2.1% during the fourth quarter. State Street Corp now owns 459,011 shares of the company’s stock valued at $17,275,000 after acquiring an additional 9,381 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of FirstSun Capital Bancorp by 0.4% in the third quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock worth $17,098,000 after buying an additional 1,929 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in FirstSun Capital Bancorp by 96.7% during the third quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after buying an additional 99,196 shares during the last quarter.

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.