FirstSun Capital Bancorp (NASDAQ:FSUN) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

FSUN has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Friday. Keefe, Bruyette & Woods upped their price target on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Trading Up 1.7%

Shares of NASDAQ FSUN opened at $36.46 on Monday. The firm’s 50 day moving average price is $37.75 and its 200-day moving average price is $37.31. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market cap of $1.02 billion, a PE ratio of 10.54 and a beta of 0.89.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $108.20 million. On average, equities research analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the purchase, the director directly owned 1,500 shares of the company’s stock, valued at approximately $52,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 12.52% of the stock is owned by company insiders.

Institutional Trading of FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in shares of FirstSun Capital Bancorp during the 3rd quarter worth $41,000. Ameritas Investment Partners Inc. bought a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter valued at $45,000. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter worth $139,000. Quantbot Technologies LP raised its holdings in FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares during the period. Finally, State of Wyoming bought a new position in FirstSun Capital Bancorp in the 3rd quarter worth $219,000.

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.