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

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.25.

Several equities analysts recently commented on FSUN shares. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods raised their price target on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Piper Sandler lifted their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Stephens decreased their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Royal Bank of Canada lifted its holdings in shares of FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after acquiring an additional 918 shares during the last quarter. New York State Common Retirement Fund purchased a new position in FirstSun Capital Bancorp in the second quarter worth $139,000. Quantbot Technologies LP grew its position in 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 acquiring an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in FirstSun Capital Bancorp in the fourth quarter valued at $214,000.

FirstSun Capital Bancorp Stock Up 0.6%

FSUN opened at $41.11 on Friday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 20.87 and a beta of 0.31. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The company has a fifty day moving average price of $37.48 and a 200-day moving average price of $37.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The company had revenue of $184.14 million for the quarter. Equities research analysts expect that FirstSun Capital Bancorp will post 3.34 earnings per share 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.