FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target Cut to $48.00 by Analysts at Piper Sandler

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price objective dropped by Piper Sandler from $50.00 to $48.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 33.31% from the stock’s current price.

Several other research firms also recently weighed in on FSUN. Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods lifted their target price on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.33.

FirstSun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN opened at $36.01 on Thursday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 10.44 and a beta of 0.70. The stock’s 50-day moving average is $37.69 and its 200 day moving average is $37.31. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34.

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 the consensus estimate of $0.86 by $0.09. The firm had revenue of $110.18 million for the quarter, compared to the consensus estimate of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. On average, sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Transactions at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy purchased 1,500 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the purchase, the director owned 1,500 shares in the company, valued at $52,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of FirstSun Capital Bancorp by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock valued at $547,000 after purchasing an additional 479 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $273,000 after purchasing an additional 558 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of 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 worth $318,000 after buying an additional 786 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of FirstSun Capital Bancorp during the third quarter worth $41,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of FirstSun Capital Bancorp during the second quarter valued at $45,000.

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.