FirstSun Capital Bancorp (NASDAQ:FSUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.00.

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

Insider Activity

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were bought 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 $52,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FSUN. Russell Investments Group Ltd. acquired a new position in shares of FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Royal Bank of Canada lifted its position in shares of FirstSun Capital Bancorp by 256.4% during the 1st 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 during the period. New York State Common Retirement Fund acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter valued at $139,000. Quantbot Technologies LP raised its stake in FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after buying an additional 4,071 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in FirstSun Capital Bancorp during the 4th quarter worth approximately $214,000.

FirstSun Capital Bancorp Trading Down 0.0%

FSUN opened at $35.45 on Monday. The company’s 50 day moving average is $36.61 and its 200-day moving average is $36.94. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. 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 net margin of 16.52% and a return on equity of 8.80%. The firm had revenue of $109.95 million for the quarter. Equities research analysts predict that FirstSun Capital Bancorp will post 3.44 earnings per share 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.