FirstSun Capital Bancorp (NASDAQ:FSUN) Cut to “Hold” at Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

FSUN has been the subject of a number of other reports. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Friday. Finally, Keefe, Bruyette & Woods upped their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, FirstSun Capital Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Price Performance

NASDAQ FSUN opened at $36.46 on Monday. The company has a market capitalization of $1.02 billion, a PE ratio of 10.54 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. The business’s fifty day moving average is $37.75 and its 200 day moving average is $37.31. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued 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. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The business had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $108.20 million. Sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Activity at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $35.28 per share, with a total value of $52,920.00. Following the completion of the purchase, the director directly owned 1,500 shares in the company, valued at approximately $52,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.52% of the stock is owned by insiders.

Institutional Trading of FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSUN. Millennium Management LLC lifted its holdings in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after purchasing an additional 110,662 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in FirstSun Capital Bancorp by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock worth $3,701,000 after purchasing an additional 12,449 shares during the period. Empowered Funds LLC grew its holdings in FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after buying an additional 36,813 shares in the last quarter. Geode Capital Management LLC grew its holdings in FirstSun Capital Bancorp by 123.3% during the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after buying an additional 164,507 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of FirstSun Capital Bancorp by 12.8% during the second quarter. Swiss National Bank now owns 21,200 shares of the company’s stock valued at $737,000 after buying an additional 2,400 shares during the last quarter.

About FirstSun Capital Bancorp

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.