FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Gets Price Target Trim from Piper Sandler

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price target reduced by investment analysts at Piper Sandler from $47.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler‘s price objective would suggest a potential upside of 14.00% from the company’s current price.

A number of other research firms have also issued reports on FSUN. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Stephens raised their price objective on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Research lowered shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN traded down $0.62 during mid-day trading on Wednesday, hitting $39.47. 109,917 shares of the company’s stock were exchanged, compared to its average volume of 256,254. The firm has a fifty day moving average of $39.44 and a two-hundred day moving average of $37.89. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $179.68 million during the quarter. Equities analysts expect that FirstSun Capital Bancorp will post 3.33 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after acquiring an additional 918 shares during the period. State of Alaska Department of Revenue acquired a new position in FirstSun Capital Bancorp in the third quarter worth about $75,000. Versant Capital Management Inc lifted its stake in FirstSun Capital Bancorp by 358.2% during the third quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock worth $76,000 after purchasing an additional 1,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in FirstSun Capital Bancorp by 10,782.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company’s stock worth $245,000 after purchasing an additional 6,254 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in FirstSun Capital Bancorp during the second quarter valued at approximately $256,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.