FirstSun Capital Bancorp (NASDAQ:FSUN) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a hold rating to a strong sell rating in a report published on Wednesday,Zacks reports.

A number of other brokerages have also recently commented on FSUN. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Keefe, Bruyette & Woods raised their price target on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Piper Sandler boosted their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, FirstSun Capital Bancorp has an average rating of “Moderate Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Stock Up 1.0%

Shares of NASDAQ:FSUN opened at $38.05 on Wednesday. The stock has a market cap of $1.77 billion, a P/E ratio of 19.31 and a beta of 0.34. The firm 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 current ratio of 0.92 and a quick ratio of 0.91. 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 issued its quarterly earnings data 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. The company had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. Sell-side analysts predict that FirstSun Capital Bancorp will post 3.33 EPS for the current year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of FirstSun Capital Bancorp during the third quarter worth $75,000. Versant Capital Management Inc increased its stake in FirstSun Capital Bancorp by 358.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock valued at $76,000 after buying an additional 1,533 shares during the period. WINTON GROUP Ltd acquired a new position in FirstSun Capital Bancorp in the 2nd quarter valued at $299,000. Engineers Gate Manager LP raised its position in FirstSun Capital Bancorp by 39.1% during the 2nd quarter. Engineers Gate Manager LP now owns 13,544 shares of the company’s stock worth $525,000 after buying an additional 3,804 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new position in FirstSun Capital Bancorp during the 2nd quarter worth $517,000.

About FirstSun Capital Bancorp

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.