FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target Cut to $48.00 by Analysts at Piper Sandler

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price target reduced by Piper Sandler from $50.00 to $48.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Friday, March 27th. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Zacks Research lowered shares of FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN opened at $36.68 on Thursday. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34. The stock’s 50-day simple moving average is $37.62 and its 200 day simple moving average is $37.31. 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 stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.60 and a beta of 0.71.

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

Insider Activity at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $35.28 per share, with a total value of $52,920.00. Following the completion of the acquisition, the director owned 1,500 shares of the company’s stock, valued at $52,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 12.52% of the company’s stock.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently bought and sold shares of the stock. Salzhauer Michael increased its holdings in shares of FirstSun Capital Bancorp by 45.1% in the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock worth $4,872,000 after buying an additional 39,048 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FirstSun Capital Bancorp by 123.3% during the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock worth $10,354,000 after acquiring an additional 164,507 shares during the last quarter. Azora Capital LP grew its position in FirstSun Capital Bancorp by 98.1% in the third quarter. Azora Capital LP now owns 29,719 shares of the company’s stock worth $1,153,000 after acquiring an additional 14,716 shares in the last quarter. Oppenheimer & Close LLC purchased a new position in FirstSun Capital Bancorp in the third quarter worth $820,000. Finally, Rafferty Asset Management LLC bought a new position in FirstSun Capital Bancorp in the third quarter valued at $836,000.

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.