FirstSun Capital Bancorp (NASDAQ:FSUN) Raised to Hold at Zacks Research

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 report issued on Thursday, Zacks reports.

FSUN has been the topic of a number of other research reports. Weiss Ratings cut FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 9th. Stephens increased their price objective on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Piper Sandler dropped their price objective on shares of FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Keefe, Bruyette & Woods boosted their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. 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. According to data from MarketBeat, FirstSun Capital Bancorp has a consensus rating of “Moderate Buy” and an average target price of $45.50.

FirstSun Capital Bancorp Trading Down 0.0%

FSUN traded down $0.01 on Thursday, reaching $39.04. 248,424 shares of the company’s stock were exchanged, compared to its average volume of 394,793. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The company’s 50 day moving average is $39.27 and its 200-day moving average is $37.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 19.82 and a beta of 0.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, October 26th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.02%. The company had revenue of $179.68 million during the quarter. Equities analysts predict that FirstSun Capital Bancorp will post 3.36 earnings per share for the current year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP grew its holdings in FirstSun Capital Bancorp by 285.2% during the 2nd quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock worth $1,816,000 after acquiring an additional 34,677 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter worth about $3,128,000. Legal & General Group Plc bought a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter worth about $1,135,000. Wellington Management Group LLP raised its stake in shares of FirstSun Capital Bancorp by 42.2% in the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock valued at $158,892,000 after purchasing an additional 1,216,889 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $3,999,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The bank offers commercial and consumer banking services, including deposit accounts, business and personal loans, cash management, and mortgage lending. It also provides wealth management and trust services. The company serves individuals, businesses, and organizations across Arizona, Colorado, Kansas, New Mexico, and Texas. Its banking services include relationship-focused support for commercial clients as well as everyday banking products for consumers.