FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of FirstSun Capital Bancorp (NASDAQ:FSUNGet Free Report) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $44.00.

FSUN has been the subject of a number of recent analyst reports. Piper Sandler set a $45.00 target price on FirstSun Capital Bancorp in a report on Wednesday, April 29th. Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Zacks Research downgraded FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Stephens decreased their price objective on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th.

Check Out Our Latest Stock Report on FirstSun Capital Bancorp

Insider Transactions at FirstSun Capital Bancorp

In other news, Director Peter E. Murphy acquired 1,500 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the director owned 1,500 shares in the company, valued at $52,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.52% of the company’s stock.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in FirstSun Capital Bancorp by 3.1% in the second 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FirstSun Capital Bancorp by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock valued at $273,000 after acquiring an additional 558 shares in the last quarter. California State Teachers Retirement System increased its holdings 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 valued at $318,000 after acquiring an additional 786 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp during the third quarter valued at $41,000. Finally, Alliancebernstein L.P. increased its holdings in shares of FirstSun Capital Bancorp by 0.4% during the third quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after acquiring an additional 1,929 shares in the last quarter.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $35.73 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $997.58 million, a PE ratio of 10.54 and a beta of 0.41. The business has a 50 day moving average of $36.79 and a 200 day moving average of $36.92. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUNGet Free Report) last announced its 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). The business had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.90%. As a group, equities research analysts forecast that FirstSun Capital Bancorp will post 3.44 earnings per share for the current year.

FirstSun Capital Bancorp Company Profile

(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.

Recommended Stories

Analyst Recommendations for FirstSun Capital Bancorp (NASDAQ:FSUN)

Receive News & Ratings for FirstSun Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstSun Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.