FirstSun Capital Bancorp (NASDAQ:FSUN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several brokerages have issued reports on FSUN. Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a report on Wednesday, April 29th. Zacks Research downgraded FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Stephens lowered their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Finally, Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th.

FirstSun Capital Bancorp Trading Down 2.1%

NASDAQ FSUN opened at $35.19 on Thursday. The stock has a 50-day simple moving average of $36.74 and a 200 day simple moving average of $36.86. The company has a market capitalization of $982.61 million, a PE ratio of 10.38 and a beta of 0.41. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%.The business had revenue of $109.95 million during the quarter. Research analysts forecast that FirstSun Capital Bancorp will post 3.44 EPS for the current year.

Insider Activity

In other news, Director Peter E. Murphy acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average cost of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the director owned 1,500 shares in the company, valued at $52,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp during the third quarter worth about $41,000. New York State Common Retirement Fund bought a new position in shares of FirstSun Capital Bancorp during the second quarter worth about $139,000. Quantbot Technologies LP grew its holdings in shares of FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after buying an additional 4,071 shares in the last quarter. State of Wyoming bought a new position in shares of FirstSun Capital Bancorp during the third quarter worth about $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of FirstSun Capital Bancorp during the fourth quarter worth about $214,000.

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.