FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Price Target Lowered at Piper Sandler

FirstSun Capital Bancorp (NASDAQ:FSUN) had its target price cut by stock analysts at Piper Sandler from $47.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler‘s target price would indicate a potential upside of 14.00% from the company’s current price.

A number of other brokerages have also weighed in on FSUN. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods upped their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Stephens lifted their price target on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Zacks Research downgraded FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.50.

FirstSun Capital Bancorp Price Performance

Shares of FSUN traded down $0.62 during trading hours on Wednesday, reaching $39.47. 109,917 shares of the company’s stock traded hands, compared to its average volume of 256,254. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The business’s fifty day simple moving average is $39.44 and its two-hundred day simple moving average is $37.89.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $179.68 million during the quarter. Equities analysts anticipate that FirstSun Capital Bancorp will post 3.33 EPS for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP raised its position in FirstSun Capital Bancorp by 285.2% during the second quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock valued at $1,816,000 after buying an additional 34,677 shares during the period. Bank of New York Mellon Corp acquired a new stake in FirstSun Capital Bancorp during the 2nd quarter worth about $3,128,000. Legal & General Group Plc purchased a new position in FirstSun Capital Bancorp during the 2nd quarter valued at about $1,135,000. Wellington Management Group LLP grew its stake in FirstSun Capital Bancorp by 42.2% during the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock valued at $158,892,000 after acquiring an additional 1,216,889 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $3,999,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.