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

FirstSun Capital Bancorp (NASDAQ:FSUN) has been given an average rating of “Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $44.75.

FSUN has been the subject of several recent research reports. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a report on Wednesday, April 29th. Raymond James Financial raised FirstSun Capital Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $44.00 to $47.00 in a research report on Wednesday. Stephens decreased their target price on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in 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 acquiring an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in FirstSun Capital Bancorp in the third quarter worth about $6,697,000. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 114,339 shares during the last quarter. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 110,662 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of FirstSun Capital Bancorp during the 4th quarter valued at about $4,154,000.

FirstSun Capital Bancorp Stock Down 2.2%

Shares of NASDAQ FSUN opened at $38.98 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The firm’s 50 day simple moving average is $36.43 and its two-hundred day simple moving average is $37.42. The stock has a market capitalization of $1.82 billion, a P/E ratio of 11.50 and a beta of 0.31.

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

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. 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.