FirstSun Capital Bancorp (NASDAQ:FSUN) Raised 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 report released on Thursday, Zacks reports.

A number of other equities analysts have also recently weighed in on FSUN. Weiss Ratings cut FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 9th. Keefe, Bruyette & Woods boosted their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Piper Sandler cut their target price on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Stephens increased their price target on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Finally, Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.50.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN traded down $0.01 during mid-day trading on Thursday, reaching $39.04. 248,424 shares of the company were exchanged, compared to its average volume of 394,793. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The company’s 50 day moving average price is $39.27 and its 200 day moving average price is $37.93. 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 quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11.

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, beating analysts’ consensus estimates 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 business had revenue of $179.68 million for the quarter. Sell-side analysts forecast that FirstSun Capital Bancorp will post 3.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its holdings in FirstSun Capital Bancorp by 285.2% in the second quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock valued at $1,816,000 after acquiring an additional 34,677 shares in the last quarter. Bank of New York Mellon Corp bought a new position in FirstSun Capital Bancorp in the 2nd quarter worth $3,128,000. Legal & General Group Plc bought a new position in FirstSun Capital Bancorp in the 2nd quarter worth $1,135,000. Wellington Management Group LLP lifted its position in shares of 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 worth $158,892,000 after purchasing an additional 1,216,889 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter worth about $3,999,000.

FirstSun Capital Bancorp Company Profile

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.