FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUNFree Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other research firms have also weighed in on FSUN. Stephens lowered their target price 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. Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Piper Sandler set a $45.00 price objective on FirstSun Capital Bancorp in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Read Our Latest Report on FSUN

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $38.66 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of 19.62 and a beta of 0.31. The firm has a fifty day simple moving average of $36.51 and a two-hundred day simple moving average of $37.14. 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 has a 12 month low of $29.95 and a 12 month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUNGet Free Report) last released its quarterly earnings data 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 net margin of 6.60% and a return on equity of 8.23%. The firm had revenue of $184.14 million for the quarter. Analysts forecast that FirstSun Capital Bancorp will post 3.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSUN. Bank of America Corp DE grew its position in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FirstSun Capital Bancorp by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock worth $273,000 after buying 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 2nd quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock worth $318,000 after buying an additional 786 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after buying an additional 918 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of FirstSun Capital Bancorp in the 3rd quarter worth approximately $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.

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.