FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Moved Up to “Hold” by Zacks Research

Zacks Research upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks reports.

Several other research firms have also issued reports on FSUN. Keefe, Bruyette & Woods boosted their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 9th. Stephens upped their target price on 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 cut their target price on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Finally, Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

FirstSun Capital Bancorp Price Performance

Shares of FSUN traded down $0.01 during trading hours on Thursday, reaching $39.04. The stock had a trading volume of 248,424 shares, compared to its average volume of 394,793. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The stock has a market capitalization of $1.82 billion, a PE ratio of 19.82 and a beta of 0.32. 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’s 50-day moving average is $39.27 and its two-hundred day moving average is $37.93.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. FirstSun Capital Bancorp had a return on equity of 8.02% and a net margin of 7.59%. The company had revenue of $179.68 million for the quarter. Research analysts expect that FirstSun Capital Bancorp will post 3.36 EPS 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 FSUN. BlackRock Inc. bought a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth $73,455,000. Wellington Management Group LLP grew its position in 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 during the period. Stelac Advisory Services LLC bought a new stake in FirstSun Capital Bancorp during the 3rd quarter valued at $13,404,000. Atlas Merchant Capital LLC acquired a new position in FirstSun Capital Bancorp during the third quarter worth $5,889,000. Finally, Empowered Funds LLC acquired a new position in FirstSun Capital Bancorp during the second quarter worth $4,847,000.

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.