FirstSun Capital Bancorp (NASDAQ:FSUN) Receives $43.33 Consensus Target Price from Analysts

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.3333.

FSUN has been the subject of several analyst reports. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods raised their price objective on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Zacks Research raised shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Finally, Piper Sandler set a $42.00 price target on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd.

FirstSun Capital Bancorp Stock Down 5.9%

FirstSun Capital Bancorp stock opened at $37.14 on Friday. The firm has a 50 day simple moving average of $38.88 and a 200 day simple moving average of $37.50. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.73 and a beta of 0.81.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $110.21 million during the quarter, compared to analyst estimates of $108.20 million. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 17.19%. On average, analysts predict that FirstSun Capital Bancorp will post 3.6 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 the business. Russell Investments Group Ltd. purchased a new position in shares of FirstSun Capital Bancorp during the third quarter worth about $41,000. Ameritas Investment Partners Inc. bought a new stake in FirstSun Capital Bancorp during the second quarter valued at approximately $45,000. Police & Firemen s Retirement System of New Jersey purchased a new position in FirstSun Capital Bancorp in the 2nd quarter worth approximately $97,000. New York State Common Retirement Fund bought a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth $139,000. Finally, Quantbot Technologies LP raised its position in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after buying an additional 4,071 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. 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.