FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $45.25.

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler raised their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. 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. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Finally, Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

FirstSun Capital Bancorp Stock Performance

FSUN opened at $40.67 on Wednesday. The firm has a fifty day moving average price of $38.65 and a 200 day moving average price of $37.32. The stock has a market cap of $1.89 billion, a P/E ratio of 20.64 and a beta of 0.32. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.28. The firm had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FSUN. BlackRock Inc. acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at $73,455,000. Wellington Management Group LLP lifted its stake in FirstSun Capital Bancorp by 42.2% during the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after acquiring an additional 1,216,889 shares in the last quarter. California State Teachers Retirement System lifted its stake in FirstSun Capital Bancorp by 10,424.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,206,950 shares of the company’s stock worth $46,806,000 after acquiring an additional 1,195,482 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in FirstSun Capital Bancorp during the 3rd quarter valued at about $6,697,000. Finally, Empowered Funds LLC purchased a new position in FirstSun Capital Bancorp during the 2nd quarter valued at about $4,847,000.

FirstSun Capital Bancorp Company Profile

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.