Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) PT at $43.33

FirstSun Capital Bancorp (NASDAQ:FSUN) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.3333.

FSUN has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a research report on Monday, November 3rd. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday. Finally, Zacks Research raised FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday.

Institutional Trading of FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FSUN. Millennium Management LLC increased its stake in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after buying an additional 110,662 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of FirstSun Capital Bancorp by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after acquiring an additional 12,449 shares in the last quarter. Empowered Funds LLC increased its position in shares of FirstSun Capital Bancorp by 103.1% during the first quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after acquiring an additional 36,813 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in FirstSun Capital Bancorp during the second quarter worth $509,000. Finally, Teacher Retirement System of Texas bought a new stake in FirstSun Capital Bancorp during the second quarter worth $932,000.

FirstSun Capital Bancorp Price Performance

NASDAQ:FSUN opened at $39.48 on Tuesday. The stock has a market capitalization of $1.10 billion, a PE ratio of 11.41 and a beta of 0.82. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $45.32. The firm has a fifty day simple moving average of $37.54 and a 200 day simple moving average of $37.24. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $111.36 million during the quarter, compared to the consensus estimate of $108.20 million. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 17.19%. On average, research analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

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.