FirstSun Capital Bancorp (NASDAQ:FSUN) Sets New 12-Month Low – Should You Sell?

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) reached a new 52-week low on Friday . The company traded as low as $31.30 and last traded at $31.7590, with a volume of 10993 shares changing hands. The stock had previously closed at $32.05.

Analysts Set New Price Targets

A number of brokerages have recently commented on FSUN. Piper Sandler set a $42.00 price target on shares of FirstSun Capital Bancorp in a report on Monday, November 3rd. Keefe, Bruyette & Woods reduced their target price on FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.50.

FirstSun Capital Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $890.35 million, a PE ratio of 10.10 and a beta of 0.96. The business has a 50-day simple moving average of $37.68 and a 200-day simple moving average of $36.76.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, October 27th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.The business had revenue of $107.29 million during the quarter, compared to analysts’ expectations of $107.10 million. Equities research analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP grew its position in FirstSun Capital Bancorp by 96.7% during 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 during the period. Bridgeway Capital Management LLC grew its holdings in FirstSun Capital Bancorp by 52.0% during the third quarter. Bridgeway Capital Management LLC now owns 136,000 shares of the company’s stock worth $5,275,000 after acquiring an additional 46,534 shares during the period. Kennedy Capital Management LLC grew its holdings in FirstSun Capital Bancorp by 18.3% during the third quarter. Kennedy Capital Management LLC now owns 39,071 shares of the company’s stock worth $1,516,000 after acquiring an additional 6,049 shares during the period. Sei Investments Co. purchased a new position in shares of FirstSun Capital Bancorp during the 3rd quarter valued at approximately $312,000. Finally, UBS Group AG boosted its holdings in FirstSun Capital Bancorp by 95.1% during the third quarter. UBS Group AG now owns 41,796 shares of the company’s stock worth $1,621,000 after buying an additional 20,369 shares in the last quarter.

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.