FirstSun Capital Bancorp (NASDAQ:FSUN) Given Average Recommendation of “Moderate Buy” by Brokerages

FirstSun Capital Bancorp (NASDAQ:FSUN) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $44.00.

FSUN has been the topic of several research reports. Wall Street Zen cut FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Stephens reduced their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a research report on Wednesday, April 29th.

FirstSun Capital Bancorp Trading Down 1.0%

Shares of FSUN stock opened at $35.07 on Tuesday. The stock has a fifty day simple moving average of $36.34 and a two-hundred day simple moving average of $37.25. The firm has a market capitalization of $1.64 billion, a PE ratio of 10.35 and a beta of 0.31. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%.The business had revenue of $109.95 million during the quarter. On average, analysts predict that FirstSun Capital Bancorp will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of FirstSun Capital Bancorp by 3.1% during the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock valued at $547,000 after acquiring an additional 479 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FirstSun Capital Bancorp by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock worth $273,000 after buying an additional 558 shares during the last quarter. California State Teachers Retirement System raised its position in FirstSun Capital Bancorp by 9.4% in the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock valued at $318,000 after purchasing an additional 786 shares during the period. Royal Bank of Canada raised its holdings in FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after buying an additional 918 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of FirstSun Capital Bancorp in the 3rd quarter worth approximately $41,000.

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.