FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

FirstSun Capital Bancorp (NASDAQ:FSUN) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $44.00.

Several analysts recently weighed in on FSUN shares. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Piper Sandler set a $45.00 price objective on shares of FirstSun Capital Bancorp in a research report 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 report on Tuesday, June 2nd. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Stephens cut their price objective on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSUN. Wellington Management Group LLP raised 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 worth $108,403,000 after purchasing an additional 189,493 shares in the last quarter. State Street Corp raised its holdings in shares of FirstSun Capital Bancorp by 2.1% in the 4th quarter. State Street Corp now owns 459,011 shares of the company’s stock worth $17,275,000 after purchasing an additional 9,381 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of FirstSun Capital Bancorp by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock worth $17,098,000 after purchasing an additional 1,929 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of FirstSun Capital Bancorp by 96.7% in the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock worth $7,825,000 after purchasing an additional 99,196 shares in the last quarter.

FirstSun Capital Bancorp Price Performance

Shares of FSUN stock opened at $37.62 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 11.10 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The firm has a fifty day moving average of $36.41 and a two-hundred day moving average of $37.35.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced 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 return on equity of 8.80% and a net margin of 16.52%.The company had revenue of $109.95 million for the quarter. As a group, research analysts anticipate 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.