FirstSun Capital Bancorp (NASDAQ:FSUN) Given Average Recommendation of “Moderate Buy” by Brokerages

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.00.

FSUN has been the subject of several recent research reports. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Stephens decreased their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd.

FirstSun Capital Bancorp Stock Performance

FirstSun Capital Bancorp stock opened at $37.62 on Friday. The firm’s 50 day simple moving average is $36.41 and its 200-day simple moving average is $37.35. The company has a market cap of $1.76 billion, a P/E ratio of 11.10 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06). FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%.The firm had revenue of $109.95 million during the quarter. As a group, equities research analysts predict that FirstSun Capital Bancorp will post 3.44 EPS for the current year.

Institutional Trading of FirstSun Capital Bancorp

Several large investors have recently modified their holdings of FSUN. Russell Investments Group Ltd. acquired a new position in FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Royal Bank of Canada lifted its holdings in shares of FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after acquiring an additional 918 shares during the period. New York State Common Retirement Fund bought a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $139,000. Quantbot Technologies LP lifted its holdings in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of FirstSun Capital Bancorp during the 4th quarter worth about $214,000.

FirstSun Capital Bancorp Company Profile

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.