Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target at $45.25

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $45.25.

Several brokerages have issued reports on FSUN. Keefe, Bruyette & Woods raised their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings cut FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Piper Sandler raised their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd.

FirstSun Capital Bancorp Trading Down 0.4%

FSUN stock opened at $40.08 on Wednesday. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 20.35 and a beta of 0.32. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $38.76 and its two-hundred day simple moving average is $37.39.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results 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. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. The firm had revenue of $184.14 million during the quarter. As a group, analysts anticipate that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.

Institutional Trading of FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd purchased a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter worth approximately $299,000. Engineers Gate Manager LP raised its stake in FirstSun Capital Bancorp by 39.1% in the second quarter. Engineers Gate Manager LP now owns 13,544 shares of the company’s stock worth $525,000 after buying an additional 3,804 shares in the last quarter. Corient Private Wealth LP bought a new position in FirstSun Capital Bancorp in the second quarter worth approximately $517,000. Susquehanna Fundamental Investments LLC lifted its holdings in FirstSun Capital Bancorp by 128.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 18,303 shares of the company’s stock worth $710,000 after buying an additional 10,298 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in FirstSun Capital Bancorp by 285.2% during the second quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock worth $1,816,000 after buying an additional 34,677 shares during the period.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a regional bank holding company that operates primarily through its subsidiary, Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses and institutions across several U.S. markets.

Sunflower Bank offers commercial and consumer banking products, including checking and savings accounts, residential and commercial real estate lending, business loans, agricultural financing, personal loans and treasury management services.