FirstSun Capital Bancorp (NASDAQ:FSUN) Cut to “Hold” at Zacks Research

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

A number of other research analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Friday, March 27th. Keefe, Bruyette & Woods raised their price objective on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.33.

FirstSun Capital Bancorp Trading Up 0.7%

Shares of FirstSun Capital Bancorp stock opened at $36.71 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00. The business has a fifty day simple moving average of $37.69 and a two-hundred day simple moving average of $37.31. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.61 and a beta of 0.70.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 26th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. The firm had revenue of $110.18 million for the quarter, compared to the consensus estimate of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. Research analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Insider Buying and Selling at FirstSun Capital Bancorp

In other news, Director Peter E. Murphy bought 1,500 shares of the company’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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 12.52% of the company’s stock.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds have recently bought and sold shares of FSUN. Hsbc Holdings PLC acquired a new stake in FirstSun Capital Bancorp in the 4th quarter worth about $681,000. Invesco Ltd. grew its position in shares of FirstSun Capital Bancorp by 28.9% during the 4th quarter. Invesco Ltd. now owns 23,500 shares of the company’s stock worth $884,000 after purchasing an additional 5,275 shares in the last quarter. Mendon Capital Advisors Corp increased its holdings in shares of FirstSun Capital Bancorp by 73.0% during the fourth quarter. Mendon Capital Advisors Corp now owns 140,515 shares of the company’s stock worth $5,288,000 after purchasing an additional 59,282 shares during the period. Wellington Management Group LLP increased its holdings 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 worth $108,403,000 after purchasing an additional 189,493 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of FirstSun Capital Bancorp in the fourth quarter valued at approximately $2,990,000.

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.