FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

FirstSun Capital Bancorp (NASDAQ:FSUN) had its target price upped by analysts at Keefe, Bruyette & Woods from $43.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.25% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Piper Sandler upped their target price on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Stephens lowered their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of “Buy” and an average target price of $45.25.

FirstSun Capital Bancorp Price Performance

Shares of FSUN stock traded up $0.01 during midday trading on Wednesday, reaching $39.73. 142,539 shares of the company were exchanged, compared to its average volume of 229,597. The company’s 50 day moving average price is $36.66 and its two-hundred day moving average price is $37.14. The company has a market cap of $1.86 billion, a P/E ratio of 20.18 and a beta of 0.31. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 8.23%. The business had revenue of $184.14 million during the quarter. On average, sell-side analysts expect that FirstSun Capital Bancorp will post 3.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Access Investment Management LLC acquired a new stake in shares of FirstSun Capital Bancorp during the first quarter valued at approximately $1,959,000. Bank of America Corp DE boosted its stake in FirstSun Capital Bancorp by 59.0% in the 1st quarter. Bank of America Corp DE now owns 99,637 shares of the company’s stock worth $3,633,000 after purchasing an additional 36,964 shares during the period. Janus Henderson Group PLC acquired a new position in FirstSun Capital Bancorp in the 1st quarter worth approximately $275,000. Royal Bank of Canada grew its position in FirstSun Capital Bancorp by 256.4% during 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. Finally, Empowered Funds LLC grew its position in FirstSun Capital Bancorp by 23.0% during the 1st quarter. Empowered Funds LLC now owns 120,410 shares of the company’s stock worth $4,390,000 after purchasing an additional 22,545 shares in the last quarter.

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.