FirstSun Capital Bancorp (NASDAQ:FSUN) Receives $43.33 Average Target Price from Brokerages

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have earned an average rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $43.3333.

A number of research firms recently commented on FSUN. Zacks Research raised shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $38.42 on Friday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 11.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50 day moving average price of $38.84 and a 200-day moving average price of $37.52. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 17.19%.The company had revenue of $110.21 million during the quarter, compared to the consensus estimate of $108.20 million. Equities analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in FirstSun Capital Bancorp in the 3rd quarter valued at about $41,000. Ameritas Investment Partners Inc. bought a new stake in shares of FirstSun Capital Bancorp during the second quarter valued at approximately $45,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of FirstSun Capital Bancorp during the second quarter valued at approximately $97,000. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $139,000. Finally, Quantbot Technologies LP grew its stake in FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares in the last quarter.

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.