FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts have also recently issued reports on FSUN. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Piper Sandler set a $45.00 price target on shares of FirstSun Capital Bancorp in a report on Wednesday, April 29th. Finally, Stephens decreased their price target on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

View Our Latest Analysis on FSUN

FirstSun Capital Bancorp Stock Performance

FirstSun Capital Bancorp stock opened at $39.25 on Friday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 19.92 and a beta of 0.31. The stock has a fifty day moving average price of $36.59 and a 200 day moving average price of $37.14. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

FirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report) last released its earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 8.23% and a net margin of 6.60%.The firm had revenue of $184.14 million for the quarter. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.13 earnings per share for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of FirstSun Capital Bancorp by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock worth $547,000 after purchasing an additional 479 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of FirstSun Capital Bancorp by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock valued at $273,000 after purchasing an additional 558 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of FirstSun Capital Bancorp by 9.4% during the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock worth $318,000 after purchasing an additional 786 shares during the last quarter. Royal Bank of Canada lifted its position in shares of FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after purchasing an additional 918 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp during the third quarter worth about $41,000.

About FirstSun Capital Bancorp

(Get Free Report)

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.

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