Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target at $44.00

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $44.00.

Several equities analysts recently commented on FSUN shares. Stephens cut their price target 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 reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen lowered FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Piper Sandler set a $45.00 target price on FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th.

FirstSun Capital Bancorp Trading Up 0.8%

FSUN stock opened at $34.75 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.25 and a beta of 0.31. The firm’s fifty day simple moving average is $36.24 and its two-hundred day simple moving average is $37.12.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.28. The business had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. As a group, analysts anticipate that FirstSun Capital Bancorp will post 2.98 earnings per share for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Hedge funds have recently bought and sold shares of the business. Access Investment Management LLC purchased a new stake in FirstSun Capital Bancorp in the first quarter worth $1,959,000. Bank of America Corp DE boosted its stake in shares of FirstSun Capital Bancorp by 59.0% during the first quarter. Bank of America Corp DE now owns 99,637 shares of the company’s stock valued at $3,633,000 after purchasing an additional 36,964 shares during the period. Janus Henderson Group PLC bought a new position in shares of FirstSun Capital Bancorp in the first quarter worth about $275,000. Royal Bank of Canada grew its holdings in shares of FirstSun Capital Bancorp by 256.4% in 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 last quarter. Finally, Empowered Funds LLC increased its stake in FirstSun Capital Bancorp by 23.0% in the 1st quarter. Empowered Funds LLC now owns 120,410 shares of the company’s stock worth $4,390,000 after buying an additional 22,545 shares during the period.

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.