FirstSun Capital Bancorp (NASDAQ:FSUN) Issues Quarterly Earnings Results

FirstSun Capital Bancorp (NASDAQ:FSUN) released its quarterly earnings results on Monday. The company reported $1.03 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $179.68 million during the quarter. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%.

FirstSun Capital Bancorp Stock Performance

FSUN traded down $0.01 during midday trading on Monday, reaching $39.80. The company had a trading volume of 319,091 shares, compared to its average volume of 252,948. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The business has a 50-day moving average price of $39.48 and a two-hundred day moving average price of $37.90. The stock has a market cap of $1.85 billion, a PE ratio of 20.20 and a beta of 0.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in FirstSun Capital Bancorp by 42.2% during the second quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock valued at $158,892,000 after purchasing an additional 1,216,889 shares during the period. BlackRock Inc. bought a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $73,455,000. Dimensional Fund Advisors LP increased its holdings in FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after acquiring an additional 114,339 shares during the last quarter. Empowered Funds LLC purchased a new stake in FirstSun Capital Bancorp during the second quarter valued at about $4,847,000. Finally, Bank of America Corp DE bought a new position in FirstSun Capital Bancorp during the second quarter worth about $3,999,000.

Analyst Ratings Changes

Several research firms have recently issued reports on FSUN. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods increased their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Stephens decreased their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Company Profile

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.