FirstSun Capital Bancorp (NASDAQ:FSUN) Cut to “Sell” at Wall Street Zen

FirstSun Capital Bancorp (NASDAQ:FSUN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

FSUN has been the subject of several other research reports. Stephens lowered their price target on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $44.00.

FirstSun Capital Bancorp Stock Performance

FSUN traded down $2.85 during trading on Friday, reaching $35.08. 604,505 shares of the company were exchanged, compared to its average volume of 336,770. The stock has a market cap of $1.64 billion, a P/E ratio of 10.35 and a beta of 0.31. The firm has a 50 day moving average of $36.44 and a 200 day moving average of $37.38. 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 52 week low of $29.95 and a 52 week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06). The company had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%. On average, sell-side analysts forecast that FirstSun Capital Bancorp will post 3.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSUN. Access Investment Management LLC bought a new stake in shares of FirstSun Capital Bancorp during the first quarter valued at about $1,959,000. Bank of America Corp DE lifted its holdings in FirstSun Capital Bancorp by 59.0% in the first quarter. Bank of America Corp DE now owns 99,637 shares of the company’s stock worth $3,633,000 after purchasing an additional 36,964 shares during the period. Janus Henderson Group PLC bought a new position in FirstSun Capital Bancorp in the 1st quarter valued at about $275,000. Royal Bank of Canada grew its position in FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after buying an additional 918 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in FirstSun Capital Bancorp by 23.0% during the 1st quarter. Empowered Funds LLC now owns 120,410 shares of the company’s stock valued at $4,390,000 after buying an additional 22,545 shares during the period.

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.