FirstSun Capital Bancorp (NASDAQ:FSUN) Announces Earnings Results, Beats Estimates By $0.28 EPS

FirstSun Capital Bancorp (NASDAQ:FSUN) issued its quarterly earnings results on Monday. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.28, FiscalAI reports. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. The firm had revenue of $184.14 million for the quarter.

FirstSun Capital Bancorp Price Performance

FSUN traded up $0.26 on Monday, reaching $34.75. 128,737 shares of the company’s stock were exchanged, compared to its average volume of 219,989. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The stock has a market cap of $1.62 billion, a PE ratio of 10.25 and a beta of 0.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The stock’s fifty day moving average price is $36.25 and its 200-day moving average price is $37.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp in the third quarter valued at approximately $41,000. Royal Bank of Canada increased its holdings in shares of FirstSun Capital Bancorp by 256.4% in the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $139,000. Quantbot Technologies LP lifted its position in FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after buying an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in FirstSun Capital Bancorp during the fourth quarter worth approximately $214,000.

Analyst Ratings Changes

A number of equities analysts have commented on FSUN shares. Stephens reduced their target price on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Piper Sandler set a $45.00 price objective on FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

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.