FirstSun Capital Bancorp (NASDAQ:FSUN) Issues Quarterly Earnings Results

FirstSun Capital Bancorp (NASDAQ:FSUN) announced its quarterly earnings data on Monday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06), FiscalAI reports. The firm had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.

FirstSun Capital Bancorp Stock Performance

NASDAQ:FSUN opened at $38.61 on Tuesday. The stock’s 50-day simple moving average is $37.14 and its 200 day simple moving average is $37.10. The firm has a market capitalization of $1.08 billion, a PE ratio of 11.16 and a beta of 0.71. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 14th. Zacks Research downgraded FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Piper Sandler reduced their price target on FirstSun Capital Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, FirstSun Capital Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

Insiders Place Their Bets

In other news, Director Peter E. Murphy purchased 1,500 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $35.28 per share, with a total value of $52,920.00. Following the completion of the purchase, the director 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 is available at this link. 12.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSUN. Russell Investments Group Ltd. acquired a new position in shares of FirstSun Capital Bancorp in the third quarter valued at approximately $41,000. New York State Common Retirement Fund bought a new stake in FirstSun Capital Bancorp during the second quarter worth $139,000. Quantbot Technologies LP grew its stake 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 purchasing an additional 4,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in FirstSun Capital Bancorp in the fourth quarter valued at approximately $214,000. Finally, Squarepoint Ops LLC purchased a new position in FirstSun Capital Bancorp in the fourth quarter valued at approximately $216,000.

About FirstSun Capital Bancorp

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.