FirstSun Capital Bancorp (NASDAQ:FSUN) Given Consensus Rating of “Moderate Buy” by Analysts

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.25.

FSUN has been the subject of several analyst reports. Piper Sandler upped their target price on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ:FSUN opened at $40.00 on Friday. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The stock has a fifty day moving average of $37.86 and a 200-day moving average of $37.29. The company has a market capitalization of $1.86 billion, a PE ratio of 20.30 and a beta of 0.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. The business had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. As a group, equities analysts anticipate that FirstSun Capital Bancorp will post 3.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in FirstSun Capital Bancorp by 42.2% in the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after acquiring an additional 1,216,889 shares in the last quarter. BlackRock Inc. acquired a new stake in FirstSun Capital Bancorp during the 2nd quarter worth about $73,455,000. State Street Corp grew its stake in FirstSun Capital Bancorp by 2.1% during the 4th quarter. State Street Corp now owns 459,011 shares of the company’s stock valued at $17,275,000 after acquiring an additional 9,381 shares in the last quarter. Alliancebernstein L.P. grew its stake in FirstSun Capital Bancorp by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after acquiring an additional 1,929 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in FirstSun Capital Bancorp by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after acquiring an additional 114,339 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.