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

FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.25.

Several equities analysts have recently commented on the stock. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Stephens lowered their price objective on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Piper Sandler lifted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, August 17th.

Institutional Trading of FirstSun Capital Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter worth approximately $41,000. Royal Bank of Canada boosted its stake in FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after purchasing an additional 918 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the second quarter worth $139,000. Quantbot Technologies LP increased its position in shares of FirstSun Capital Bancorp by 508.9% in the 2nd 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 period. Finally, Squarepoint Ops LLC acquired a new position in shares of FirstSun Capital Bancorp in the 4th quarter valued at $216,000.

FirstSun Capital Bancorp Price Performance

NASDAQ FSUN opened at $40.67 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company’s 50 day moving average is $38.65 and its two-hundred day moving average is $37.32. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 20.64 and a beta of 0.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The business had revenue of $184.14 million during the quarter. As a group, research analysts anticipate that FirstSun Capital Bancorp will post 3.34 earnings per share for the current 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.