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

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $44.00.

Several equities analysts have recently weighed in on FSUN shares. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 2nd. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, Stephens reduced their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th.

FirstSun Capital Bancorp Price Performance

FSUN opened at $38.76 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.43 and a beta of 0.40. 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 firm has a 50-day moving average price of $36.41 and a 200-day moving average price of $37.39. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06). The business had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%. Equities analysts expect that FirstSun Capital Bancorp will post 3.52 EPS for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in FirstSun Capital Bancorp by 3.1% during the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock valued at $547,000 after acquiring an additional 479 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in FirstSun Capital Bancorp by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock valued at $273,000 after acquiring an additional 558 shares in the last quarter. California State Teachers Retirement System grew its stake in FirstSun Capital Bancorp by 9.4% during the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock valued at $318,000 after acquiring an additional 786 shares in the last quarter. Royal Bank of Canada grew its stake in FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after acquiring an additional 918 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in FirstSun Capital Bancorp during the third quarter valued at approximately $41,000.

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.