FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

FirstSun Capital Bancorp (NASDAQ:FSUN)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $39.30 and traded as low as $38.94. FirstSun Capital Bancorp shares last traded at $39.05, with a volume of 217,229 shares.

Analyst Ratings Changes

A number of research firms have commented on FSUN. Keefe, Bruyette & Woods raised their price objective on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stephens boosted their price target on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Finally, Zacks Research downgraded shares of 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 assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

FirstSun Capital Bancorp Trading Down 1.1%

The firm’s 50-day simple moving average is $39.30 and its 200 day simple moving average is $37.93. 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 has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.82 and a beta of 0.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. FirstSun Capital Bancorp had a return on equity of 8.02% and a net margin of 7.59%. The firm had revenue of $179.68 million for the quarter. Equities analysts expect that FirstSun Capital Bancorp will post 3.36 earnings per share for the current year.

Institutional Trading of FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FSUN. Gabelli Funds LLC increased its holdings in shares of FirstSun Capital Bancorp by 74.1% during the third quarter. Gabelli Funds LLC now owns 63,766 shares of the company’s stock worth $2,462,000 after buying an additional 27,137 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of FirstSun Capital Bancorp by 21.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 7,513 shares of the company’s stock valued at $290,000 after acquiring an additional 1,316 shares during the last quarter. Angel Oak Capital Advisors LLC acquired a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter valued at $579,000. Banc Funds Co. LLC boosted its holdings in shares of FirstSun Capital Bancorp by 5.5% during the 3rd quarter. Banc Funds Co. LLC now owns 251,031 shares of the company’s stock valued at $9,692,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter valued at $410,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The bank offers commercial and consumer banking services, including deposit accounts, business and personal loans, cash management, and mortgage lending. It also provides wealth management and trust services. The company serves individuals, businesses, and organizations across Arizona, Colorado, Kansas, New Mexico, and Texas. Its banking services include relationship-focused support for commercial clients as well as everyday banking products for consumers.