FirstSun Capital Bancorp (NASDAQ:FSUN) Given Average Rating of “Buy” by Analysts

FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $43.3333.

Several brokerages have weighed in on FSUN. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Zacks Research raised FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods raised their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of large investors have recently modified their holdings of FSUN. Dynamic Technology Lab Private Ltd purchased a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $961,000. CreativeOne Wealth LLC purchased a new stake in FirstSun Capital Bancorp during the 2nd quarter worth approximately $503,000. Salzhauer Michael increased its stake in FirstSun Capital Bancorp by 45.1% during the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock valued at $4,872,000 after purchasing an additional 39,048 shares in the last quarter. Geode Capital Management LLC increased its stake in FirstSun Capital Bancorp by 123.3% during the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after purchasing an additional 164,507 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of FirstSun Capital Bancorp in the second quarter worth $353,000.

FirstSun Capital Bancorp Stock Performance

Shares of FirstSun Capital Bancorp stock opened at $35.08 on Wednesday. The company has a market capitalization of $979.43 million, a PE ratio of 10.14 and a beta of 0.89. The company has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $37.47. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. Research analysts expect that FirstSun Capital Bancorp will post 3.6 EPS 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.