FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Price Up 1.1% – What’s Next?

FirstSun Capital Bancorp (NASDAQ:FSUN)’s stock price was up 1.1% during mid-day trading on Friday . The stock traded as high as $39.75 and last traded at $39.48. Approximately 64,577 shares traded hands during trading, a decline of 67% from the average daily volume of 195,150 shares. The stock had previously closed at $39.06.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a report on Monday, November 3rd. Zacks Research raised shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of “Buy” and an average price target of $43.33.

FirstSun Capital Bancorp Stock Up 1.1%

The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 11.41 and a beta of 0.82. The business has a fifty day moving average of $38.90 and a 200 day moving average of $37.44. 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 (NASDAQ:FSUN) last posted its earnings results 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 return on equity of 9.12% and a net margin of 17.19%.The company had revenue of $110.21 million for the quarter, compared to analyst estimates of $108.20 million. On average, equities analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSUN. Wellington Management Group LLP lifted its stake in shares of FirstSun Capital Bancorp by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock worth $108,403,000 after buying an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in FirstSun Capital Bancorp in the 3rd quarter worth $6,697,000. Geode Capital Management LLC raised its holdings 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 acquiring an additional 164,507 shares during the period. Millennium Management LLC lifted its position in FirstSun Capital Bancorp by 199.9% during the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after acquiring an additional 110,662 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in FirstSun Capital Bancorp during the fourth quarter valued at about $4,154,000.

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.