FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a hold rating to a buy rating in a report released on Saturday morning.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Piper Sandler upped their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp currently has a consensus rating of “Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Trading Down 0.3%

Shares of FSUN stock opened at $40.98 on Friday. The firm has a market cap of $1.91 billion, a P/E ratio of 20.80 and a beta of 0.31. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.24.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. The firm had revenue of $184.14 million during the quarter. As a group, equities analysts forecast that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several large investors have recently made changes to their positions in FSUN. Millennium Management LLC raised its stake in shares of FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after acquiring an additional 110,662 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after acquiring an additional 12,449 shares in the last quarter. Empowered Funds LLC boosted its position in FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock worth $2,622,000 after purchasing an additional 36,813 shares during the period. JPMorgan Chase & Co. boosted its position in FirstSun Capital Bancorp by 312.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock worth $3,041,000 after purchasing an additional 66,311 shares during the period. Finally, Legal & General Group Plc increased its holdings in FirstSun Capital Bancorp by 36.6% in the 2nd quarter. Legal & General Group Plc now owns 8,749 shares of the company’s stock valued at $304,000 after purchasing an additional 2,344 shares in the last quarter.

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.