Piper Sandler Begins Coverage on Firstsun Capital Bancorp (NASDAQ:FSUN)

Piper Sandler started coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued an overweight rating and a $51.00 price target on the stock.

Several other research analysts have also weighed in on the stock. Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd.

Firstsun Capital Bancorp Trading Down 0.4 %

Shares of Firstsun Capital Bancorp stock opened at $41.33 on Friday. Firstsun Capital Bancorp has a 12 month low of $33.31 and a 12 month high of $45.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $40.42 and a 200-day simple moving average of $40.53.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Equities analysts predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Firstsun Capital Bancorp

Several large investors have recently added to or reduced their stakes in FSUN. Two Sigma Advisers LP bought a new stake in Firstsun Capital Bancorp in the fourth quarter worth $284,000. Two Sigma Investments LP bought a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth about $1,526,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter valued at about $641,000. Millennium Management LLC raised its stake in shares of Firstsun Capital Bancorp by 223.9% in the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock valued at $2,218,000 after acquiring an additional 38,276 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Firstsun Capital Bancorp in the 4th quarter worth approximately $514,000.

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.