FirstSun Capital Bancorp (NASDAQ:FSUN) Trading 0.1% Higher After Strong Earnings

FirstSun Capital Bancorp (NASDAQ:FSUN)’s stock price shot up 0.1% during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $38.70 and last traded at $37.81. 246,471 shares changed hands during trading, an increase of 156% from the average session volume of 96,346 shares. The stock had previously closed at $37.77.

The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.

Wall Street Analysts Forecast Growth

FSUN has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSUN. Alliancebernstein L.P. boosted its stake in FirstSun Capital Bancorp by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after purchasing an additional 1,929 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FirstSun Capital Bancorp by 123.3% during the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after buying an additional 164,507 shares during the last quarter. Dimensional Fund Advisors LP raised its position in FirstSun Capital Bancorp by 28.8% in the third quarter. Dimensional Fund Advisors LP now owns 215,184 shares of the company’s stock worth $8,350,000 after purchasing an additional 48,168 shares in the last quarter. Two Sigma Investments LP lifted its holdings in FirstSun Capital Bancorp by 96.7% during the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after purchasing an additional 99,196 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of FirstSun Capital Bancorp in the third quarter worth about $6,697,000.

FirstSun Capital Bancorp Stock Up 0.1%

The firm’s 50 day moving average price is $36.98 and its 200-day moving average price is $37.21. The company has a market cap of $1.05 billion, a P/E ratio of 11.97 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

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.