FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Has Consensus Price Target of $45.50

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $45.50.

Several equities research analysts have recently weighed in on FSUN shares. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler decreased their price objective on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Stephens raised their target price on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in FirstSun Capital Bancorp by 42.2% in the second 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 during the last quarter. BlackRock Inc. bought a new position in FirstSun Capital Bancorp in the second quarter valued at about $73,455,000. Dimensional Fund Advisors LP lifted its holdings in shares of FirstSun Capital Bancorp by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Atlas Merchant Capital LLC acquired a new position in shares of FirstSun Capital Bancorp during the 3rd quarter worth about $5,889,000. Finally, Empowered Funds LLC bought a new position in shares of FirstSun Capital Bancorp in the second quarter worth $4,847,000.

FirstSun Capital Bancorp Price Performance

NASDAQ FSUN opened at $40.72 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $39.38 and a 200-day moving average price of $37.92. The firm has a market capitalization of $1.90 billion, a P/E ratio of 20.67 and a beta of 0.32. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a return on equity of 8.63% and a net margin of 7.59%. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.36 earnings per share for the current year.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.