FirstSun Capital Bancorp (NASDAQ:FSUN) Issues Quarterly Earnings Results

FirstSun Capital Bancorp (NASDAQ:FSUN) released its earnings results on Monday. The company reported $0.95 earnings per share (EPS) for the quarter, FiscalAI reports. FirstSun Capital Bancorp had a net margin of 15.94% and a return on equity of 9.00%.

FirstSun Capital Bancorp Stock Up 0.1%

Shares of FSUN stock traded up $0.04 during trading hours on Monday, reaching $37.81. The company had a trading volume of 246,375 shares, compared to its average volume of 122,905. The company has a market capitalization of $1.05 billion, a P/E ratio of 11.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $45.32. The stock’s fifty day simple moving average is $36.83 and its 200 day simple moving average is $37.21.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FSUN. Keefe, Bruyette & Woods boosted their price target on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Ameritas Investment Partners Inc. purchased a new position in FirstSun Capital Bancorp in the 2nd quarter valued at about $45,000. Police & Firemen s Retirement System of New Jersey purchased a new position in FirstSun Capital Bancorp in the 2nd quarter valued at about $97,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the second quarter valued at about $139,000. Finally, Quantbot Technologies LP increased its position 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 acquiring an additional 4,071 shares during 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.