Zacks Research Upgrades FirstSun Capital Bancorp (NASDAQ:FSUN) to “Hold”

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on the company. Raymond James Financial raised FirstSun Capital Bancorp from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Piper Sandler set a $45.00 price objective on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Finally, Stephens decreased their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

FirstSun Capital Bancorp Stock Down 0.1%

FSUN opened at $38.76 on Monday. The business’s fifty day simple moving average is $36.41 and its 200 day simple moving average is $37.39. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.81 billion, a PE ratio of 11.43 and a beta of 0.40.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.06). The firm had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. As a group, research analysts expect that FirstSun Capital Bancorp will post 3.52 earnings per share for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of FirstSun Capital Bancorp by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after purchasing an additional 189,493 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of FirstSun Capital Bancorp in the third quarter worth $6,697,000. Dimensional Fund Advisors LP increased its stake in shares of FirstSun Capital Bancorp by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after buying an additional 114,339 shares during the period. Millennium Management LLC raised its holdings in FirstSun Capital Bancorp by 199.9% during the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after buying an additional 110,662 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in FirstSun Capital Bancorp during the 4th quarter valued at $4,154,000.

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.