FirstSun Capital Bancorp (NASDAQ:FSUN) Raised to “Buy” at Wall Street Zen

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities research analysts also recently commented on the stock. Piper Sandler upped their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Stephens cut their price target on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of “Buy” and an average target price of $45.25.

FirstSun Capital Bancorp Price Performance

NASDAQ FSUN opened at $41.11 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a market cap of $1.91 billion, a PE ratio of 20.87 and a beta of 0.31. The stock’s 50-day moving average price is $37.48 and its two-hundred day moving average price is $37.23.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.17 by $0.28. The company had revenue of $184.14 million during the quarter. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. On average, analysts predict that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSUN. Russell Investments Group Ltd. acquired a new stake in shares of FirstSun Capital Bancorp in the third quarter worth $41,000. Royal Bank of Canada raised its stake in FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares during the last quarter. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp during the 2nd quarter valued at $139,000. Quantbot Technologies LP raised its stake in FirstSun Capital Bancorp by 508.9% during 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in FirstSun Capital Bancorp in the 4th quarter valued at $214,000.

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.