FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Has Average Target Price of $45.25 According to Analysts

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.25.

A number of equities research analysts have issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. 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. Keefe, Bruyette & Woods increased their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Stephens cut their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP raised its stake in FirstSun Capital Bancorp by 285.2% in the second quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock worth $1,816,000 after buying an additional 34,677 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in FirstSun Capital Bancorp during the 2nd quarter valued at approximately $3,128,000. Legal & General Group Plc bought a new stake in FirstSun Capital Bancorp during the 2nd quarter valued at approximately $1,135,000. Wellington Management Group LLP grew its holdings in shares of FirstSun Capital Bancorp by 42.2% during the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after acquiring an additional 1,216,889 shares during the period. Finally, Swiss National Bank grew its holdings in shares of FirstSun Capital Bancorp by 110.3% during the 1st quarter. Swiss National Bank now owns 51,100 shares of the company’s stock worth $1,863,000 after acquiring an additional 26,800 shares during the period.

FirstSun Capital Bancorp Trading Up 1.1%

Shares of FSUN stock opened at $38.90 on Friday. The business has a 50-day moving average of $39.81 and a 200 day moving average of $37.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The stock has a market capitalization of $1.81 billion, a PE ratio of 19.75 and a beta of 0.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.45 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 for the quarter. As a group, sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.33 earnings per share for the current year.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.