FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Rating Lowered by Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

Other analysts also recently issued reports about the stock. Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Piper Sandler lifted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and an average target price of $45.25.

FirstSun Capital Bancorp Trading Up 1.0%

FSUN opened at $38.05 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The stock has a market cap of $1.77 billion, a PE ratio of 19.31 and a beta of 0.34. The business has a 50 day moving average of $39.70 and a 200-day moving average of $37.81.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.28. The company 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%. Equities research analysts predict that FirstSun Capital Bancorp will post 3.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently added to or reduced their stakes in FSUN. Royal Bank of Canada increased its holdings in shares of FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after acquiring an additional 918 shares in the last quarter. Versant Capital Management Inc boosted its stake in FirstSun Capital Bancorp by 358.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock worth $76,000 after purchasing an additional 1,533 shares in the last quarter. State of Alaska Department of Revenue bought a new position in FirstSun Capital Bancorp in the 3rd quarter worth about $75,000. Engineers Gate Manager LP grew its position in FirstSun Capital Bancorp by 39.1% during the 2nd quarter. Engineers Gate Manager LP now owns 13,544 shares of the company’s stock valued at $525,000 after purchasing an additional 3,804 shares during the last quarter. Finally, First Trust Advisors LP grew its position in FirstSun Capital Bancorp by 7.4% during the 1st quarter. First Trust Advisors LP now owns 76,716 shares of the company’s stock valued at $2,797,000 after purchasing an additional 5,290 shares during the last quarter.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.