FirstSun Capital Bancorp (NASDAQ:FSUN) Given Average Recommendation of “Buy” by Analysts

FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average rating of “Buy” from the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has 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 twelve-month price target among brokerages that have covered the stock in the last year is $43.3333.

FSUN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Finally, Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter valued at about $41,000. Ameritas Investment Partners Inc. acquired a new stake in FirstSun Capital Bancorp during the second quarter valued at approximately $45,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in FirstSun Capital Bancorp during the second quarter valued at approximately $97,000. New York State Common Retirement Fund bought a new position in FirstSun Capital Bancorp during the 2nd quarter worth approximately $139,000. Finally, Quantbot Technologies LP grew its position in shares of FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares in the last quarter.

FirstSun Capital Bancorp Trading Up 1.1%

NASDAQ FSUN opened at $39.48 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 11.41 and a beta of 0.82. The company’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $37.44. 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 has a 52 week low of $29.95 and a 52 week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released 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 net margin of 17.19% and a return on equity of 9.12%. The firm had revenue of $110.21 million for the quarter, compared to the consensus estimate of $108.20 million. Equities research analysts predict that FirstSun Capital Bancorp will post 3.6 EPS 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.