FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Rating Lowered by Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, FirstSun Capital Bancorp has an average rating of “Moderate Buy” and a consensus price target of $43.33.

FirstSun Capital Bancorp Stock Up 1.7%

FirstSun Capital Bancorp stock opened at $36.46 on Monday. The company has a market capitalization of $1.02 billion, a PE ratio of 10.54 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The firm has a 50 day moving average price of $37.75 and a 200 day moving average price of $37.31.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The business had revenue of $110.18 million during the quarter, compared to analyst estimates of $108.20 million. Research analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Transactions at FirstSun Capital Bancorp

In related news, Director Peter E. Murphy bought 1,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $35.28 per share, with a total value of $52,920.00. Following the purchase, the director directly owned 1,500 shares of the company’s stock, valued at $52,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 12.52% of the company’s stock.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FSUN. Salzhauer Michael grew its position in shares of FirstSun Capital Bancorp by 45.1% during the third quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock worth $4,872,000 after buying an additional 39,048 shares in the last quarter. Geode Capital Management LLC raised its holdings in FirstSun Capital Bancorp by 123.3% in the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after acquiring an additional 164,507 shares in the last quarter. Azora Capital LP purchased a new position in FirstSun Capital Bancorp in the second quarter worth approximately $521,000. Oppenheimer & Close LLC acquired a new position in FirstSun Capital Bancorp during the 3rd quarter worth approximately $820,000. Finally, Rafferty Asset Management LLC acquired a new position in FirstSun Capital Bancorp during the 3rd quarter worth approximately $836,000.

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.