FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Rating Upgraded by Wall Street Zen

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research firms also recently commented on FSUN. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Piper Sandler set a $45.00 price target on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Stephens lowered their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, FirstSun Capital Bancorp presently has an average rating of “Moderate Buy” and an average price target of $44.00.

FirstSun Capital Bancorp Stock Performance

NASDAQ:FSUN opened at $35.67 on Friday. The company has a fifty day simple moving average of $36.50 and a two-hundred day simple moving average of $37.00. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 10.52 and a beta of 0.40. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.06). The business had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%. As a group, equities analysts anticipate that FirstSun Capital Bancorp will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy purchased 1,500 shares of the stock in a transaction that occurred on 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 acquisition, the director directly owned 1,500 shares of the company’s stock, valued at $52,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in FirstSun Capital Bancorp in the third quarter valued at approximately $41,000. Royal Bank of Canada boosted its holdings in 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 in the last quarter. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp in the second quarter valued at approximately $139,000. Quantbot Technologies LP boosted its holdings in FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after purchasing an additional 4,071 shares in the last quarter. Finally, State of Wyoming acquired a new position in FirstSun Capital Bancorp in the third quarter valued at $219,000.

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.