FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Average Rating of “Moderate Buy” from Analysts

FirstSun Capital Bancorp (NASDAQ:FSUN) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $44.00.

Several research firms have weighed in on FSUN. Stephens lowered their price objective on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Piper Sandler set a $45.00 price objective on FirstSun Capital Bancorp in a research note on Wednesday, April 29th.

FirstSun Capital Bancorp Stock Down 0.0%

FSUN stock opened at $35.45 on Monday. The stock’s 50 day simple moving average is $36.61 and its 200 day simple moving average is $36.94. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a market cap of $1.66 billion, a P/E ratio of 10.46 and a beta of 0.40.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, April 27th. The company reported $0.84 earnings per share 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 for the quarter. On average, research analysts expect that FirstSun Capital Bancorp will post 3.44 earnings per share for the current fiscal year.

Insider Activity at FirstSun Capital Bancorp

In related news, Director Peter E. Murphy acquired 1,500 shares of the stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost 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 $52,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.52% of the stock is currently owned by company insiders.

Institutional Trading of FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FSUN. Bank of America Corp DE raised its holdings in shares of FirstSun Capital Bancorp by 3.1% in the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock valued at $547,000 after purchasing an additional 479 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of FirstSun Capital Bancorp by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock valued at $273,000 after purchasing an additional 558 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of FirstSun Capital Bancorp by 9.4% in the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock valued at $318,000 after purchasing an additional 786 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of FirstSun Capital Bancorp by 256.4% in the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp in the third quarter valued at about $41,000.

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.