Wall Street Zen upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
A number of other research analysts also recently issued reports on the stock. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Stephens dropped their price target on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $45.25.
Read Our Latest Analysis on FirstSun Capital Bancorp
FirstSun Capital Bancorp Price Performance
FirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.28. The firm had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. As a group, equities research analysts expect that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of FirstSun Capital Bancorp during the third quarter valued at $41,000. Royal Bank of Canada lifted its holdings in FirstSun Capital Bancorp by 256.4% in 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 period. New York State Common Retirement Fund bought a new position in FirstSun Capital Bancorp in the 2nd quarter valued at about $139,000. Quantbot Technologies LP grew its position in FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after buying an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in FirstSun Capital Bancorp during the 4th quarter valued at 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.
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