FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $44.00.

A number of research firms have weighed in on FSUN. Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Zacks Research downgraded FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Stephens lowered their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a research report on Wednesday, April 29th.

Insider Activity at FirstSun Capital Bancorp

In related news, Director Peter E. Murphy acquired 1,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the director owned 1,500 shares in the company, valued at approximately $52,920. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FSUN. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp during the third quarter valued at approximately $41,000. New York State Common Retirement Fund bought a new position in shares of FirstSun Capital Bancorp in the second quarter worth approximately $139,000. Quantbot Technologies LP grew its holdings in shares of FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares during the last quarter. State of Wyoming bought a new position in shares of FirstSun Capital Bancorp in the third quarter worth approximately $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of FirstSun Capital Bancorp in the fourth quarter worth approximately $214,000.

FirstSun Capital Bancorp Trading Up 1.2%

NASDAQ FSUN opened at $36.73 on Thursday. The stock’s 50-day simple moving average is $36.88 and its two-hundred day simple moving average is $36.97. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.83 and a beta of 0.41.

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). FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.90%. The firm had revenue of $109.95 million for the quarter. Research analysts forecast that FirstSun Capital Bancorp will post 3.44 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.