Analysts Set FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target at $46.00

FirstSun Capital Bancorp (NASDAQ:FSUN) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.00.

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Saturday, September 27th.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN opened at $39.37 on Friday. The firm’s 50 day moving average is $37.55 and its 200-day moving average is $36.43. The stock has a market capitalization of $1.10 billion, a P/E ratio of 12.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million for the quarter, compared to analysts’ expectations of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Voleon Capital Management LP purchased a new position in shares of FirstSun Capital Bancorp in the second quarter worth approximately $632,000. Salzhauer Michael increased its position in shares of FirstSun Capital Bancorp by 52.4% in the second quarter. Salzhauer Michael now owns 86,553 shares of the company’s stock worth $3,008,000 after acquiring an additional 29,749 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of FirstSun Capital Bancorp by 452.5% in the second quarter. BNP Paribas Financial Markets now owns 40,010 shares of the company’s stock worth $1,390,000 after acquiring an additional 32,768 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of FirstSun Capital Bancorp by 8.4% in the second quarter. Bridgeway Capital Management LLC now owns 89,466 shares of the company’s stock worth $3,109,000 after acquiring an additional 6,938 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of FirstSun Capital Bancorp by 3.1% in the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock worth $547,000 after acquiring an additional 479 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.