Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) Target Price at $43.33

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.3333.

Several research firms have issued reports on FSUN. Piper Sandler set a $42.00 price target on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th.

FirstSun Capital Bancorp Stock Down 5.5%

FSUN opened at $36.47 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 10.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. The business has a 50 day moving average price of $38.77 and a 200 day moving average price of $37.54. 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 released its quarterly earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.12%. The company had revenue of $110.21 million for the quarter, compared to analyst estimates of $108.20 million. Research analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSUN. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the third quarter valued at approximately $41,000. Ameritas Investment Partners Inc. bought a new stake in FirstSun Capital Bancorp in the second quarter valued at $45,000. Police & Firemen s Retirement System of New Jersey acquired a new position in FirstSun Capital Bancorp during the second quarter worth $97,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at $139,000. Finally, Quantbot Technologies LP increased its position in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares in the last quarter.

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.