FirstSun Capital Bancorp (NASDAQ:FSUN) Cut to Strong Sell at Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Piper Sandler boosted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Stephens cut 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 report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Stock Up 1.0%

NASDAQ FSUN opened at $38.05 on Wednesday. The business has a fifty day moving average price of $39.70 and a 200 day moving average price of $37.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $1.77 billion, a P/E ratio of 12.31 and a beta of 0.34. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. The company had revenue of $184.14 million for the quarter. Research analysts anticipate that FirstSun Capital Bancorp will post 3.33 EPS for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in FirstSun Capital Bancorp in the 2nd quarter valued at $73,455,000. Wellington Management Group LLP raised its holdings in shares of 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 worth $158,892,000 after acquiring an additional 1,216,889 shares during the period. Empowered Funds LLC purchased a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $4,847,000. Dimensional Fund Advisors LP raised its holdings in shares of FirstSun Capital Bancorp by 40.3% during 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 period. Finally, Bank of America Corp DE purchased a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $3,999,000.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.