FirstSun Capital Bancorp (NASDAQ:FSUN) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other brokerages have also issued reports on FSUN. Piper Sandler set a $45.00 target price on FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 2nd. Raymond James Financial raised shares of FirstSun Capital Bancorp from an “outperform” rating to a “strong-buy” rating in a report on Wednesday. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Stephens decreased their price objective on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and an average price target of $44.00.

FirstSun Capital Bancorp Trading Down 0.1%

NASDAQ:FSUN opened at $38.76 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The business’s 50-day simple moving average is $36.41 and its 200 day simple moving average is $37.39. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 11.43 and a beta of 0.40.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. The business had revenue of $109.95 million during the quarter. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in FirstSun Capital Bancorp by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock valued at $4,028,000 after buying an additional 16,337 shares during the last quarter. Daytona Street Capital LLC bought a new position in shares of FirstSun Capital Bancorp during the fourth quarter worth about $616,000. Azora Capital LP increased its holdings in shares of FirstSun Capital Bancorp by 98.1% in the 3rd 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 during the period. Rafferty Asset Management LLC acquired a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter worth about $836,000. Finally, Salzhauer Michael lifted its position in FirstSun Capital Bancorp by 12.2% in the 4th quarter. Salzhauer Michael now owns 140,960 shares of the company’s stock valued at $5,305,000 after purchasing an additional 15,359 shares during 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.