Analysts Set FirstSun Capital Bancorp (NASDAQ:FSUN) PT at $44.00

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.00.

FSUN has been the topic of a number of research reports. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a report on Wednesday, April 29th. Stephens cut their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings cut FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday.

Insider Buying and Selling

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the transaction, the director directly owned 1,500 shares of the company’s stock, valued at $52,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several institutional investors have recently bought and sold shares of FSUN. JPMorgan Chase & Co. increased its position in FirstSun Capital Bancorp by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock valued at $4,028,000 after acquiring an additional 16,337 shares during the last quarter. Daytona Street Capital LLC bought a new position in FirstSun Capital Bancorp during the fourth quarter valued at $616,000. Azora Capital LP increased its position in FirstSun Capital Bancorp by 98.1% during the third quarter. Azora Capital LP now owns 29,719 shares of the company’s stock valued at $1,153,000 after acquiring an additional 14,716 shares during the last quarter. Rafferty Asset Management LLC bought a new position in FirstSun Capital Bancorp during the third quarter valued at $836,000. Finally, Oppenheimer & Close LLC bought a new position in FirstSun Capital Bancorp during the third quarter valued at $820,000.

FirstSun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN opened at $35.67 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a market cap of $1.67 billion, a P/E ratio of 10.52 and a beta of 0.40. The firm’s fifty day moving average is $36.50 and its two-hundred day moving average is $37.05. 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 announced its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The company had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. As a group, analysts anticipate that FirstSun Capital Bancorp will post 3.44 EPS for the current fiscal year.

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.