FirstSun Capital Bancorp (NASDAQ:FSUN) Given Consensus Rating of “Buy” by Analysts

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

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently made changes to their positions in FSUN. Invesco Ltd. raised its stake in FirstSun Capital Bancorp by 28.9% in the fourth quarter. Invesco Ltd. now owns 23,500 shares of the company’s stock worth $884,000 after buying an additional 5,275 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in FirstSun Capital Bancorp by 73.0% during the 4th quarter. Mendon Capital Advisors Corp now owns 140,515 shares of the company’s stock valued at $5,288,000 after acquiring an additional 59,282 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of FirstSun Capital Bancorp by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after acquiring an additional 189,493 shares during the period. Millennium Management LLC bought a new position in shares of FirstSun Capital Bancorp in the 4th quarter worth $2,990,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of FirstSun Capital Bancorp in the 4th quarter worth $4,154,000.

FirstSun Capital Bancorp Stock Performance

FSUN stock opened at $35.08 on Wednesday. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The firm has a market cap of $979.43 million, a price-to-earnings ratio of 10.14 and a beta of 0.89. The business’s fifty day simple moving average is $38.29 and its two-hundred day simple moving average is $37.47. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03.

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

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.