Zacks Research Upgrades FirstSun Capital Bancorp (NASDAQ:FSUN) to “Strong-Buy”

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research note on Monday, November 3rd. Keefe, Bruyette & Woods lifted their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $43.33.

FirstSun Capital Bancorp Trading Up 1.9%

Shares of FSUN stock opened at $38.35 on Wednesday. The business’s fifty day moving average price is $37.41 and its 200 day moving average price is $37.23. The firm has a market capitalization of $1.07 billion, a PE ratio of 11.08 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 17.19%.The company had revenue of $111.36 million during the quarter, compared to the consensus estimate of $108.20 million. As a group, sell-side analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Ameritas Investment Partners Inc. acquired a new position in shares of FirstSun Capital Bancorp in the second quarter worth $45,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at $97,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the second quarter valued at $139,000. Finally, Quantbot Technologies LP boosted its stake in shares of FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after acquiring an additional 4,071 shares during the last quarter.

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.