FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded to “Hold” at Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on FSUN. Stephens dropped their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Raymond James Financial upgraded FirstSun Capital Bancorp from an “outperform” rating to a “strong-buy” rating in a report on Wednesday. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a report on Wednesday, April 29th. Finally, Weiss Ratings cut FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

FirstSun Capital Bancorp Stock Down 0.1%

FirstSun Capital Bancorp stock opened at $38.76 on Monday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 11.43 and a beta of 0.40. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week 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. The firm has a 50 day moving average price of $36.41 and a two-hundred day moving average price of $37.39.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. The firm had revenue of $109.95 million during the quarter. Equities analysts predict that FirstSun Capital Bancorp will post 3.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp in the third quarter valued at approximately $41,000. Royal Bank of Canada raised its position in shares of FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after purchasing an additional 918 shares during the period. New York State Common Retirement Fund bought a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth $139,000. Quantbot Technologies LP lifted its holdings 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 worth $169,000 after purchasing an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in FirstSun Capital Bancorp in the 4th quarter valued at $214,000.

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.