Piper Sandler Cuts FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target to $48.00

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price objective lowered by Piper Sandler from $50.00 to $48.00 in a research note published on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms also recently commented on FSUN. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Keefe, Bruyette & Woods boosted their target price on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

FirstSun Capital Bancorp Stock Performance

FirstSun Capital Bancorp stock opened at $36.68 on Thursday. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The firm’s 50 day moving average price is $37.60 and its 200-day moving average price is $37.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $1.02 billion, a P/E ratio of 10.60 and a beta of 0.71.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued 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 firm had revenue of $110.18 million during the quarter, compared to analyst estimates of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. On average, equities analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the company’s stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $35.28 per share, with a total value of $52,920.00. Following the purchase, the director directly owned 1,500 shares of the company’s stock, valued at approximately $52,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.52% of the stock is owned by company insiders.

Institutional Trading of FirstSun Capital Bancorp

Several hedge funds have recently made changes to their positions in FSUN. Wellington Management Group LLP lifted its holdings in shares of FirstSun Capital Bancorp by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after acquiring an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in FirstSun Capital Bancorp during the third quarter worth approximately $6,697,000. Geode Capital Management LLC raised its position in FirstSun Capital Bancorp by 123.3% during the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after purchasing an additional 164,507 shares during the period. Millennium Management LLC raised its position in FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after purchasing an additional 110,662 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of FirstSun Capital Bancorp in the 4th quarter valued at approximately $4,154,000.

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.