Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target at $44.00

FirstSun Capital Bancorp (NASDAQ:FSUN) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $44.00.

A number of research analysts have issued reports on the company. Piper Sandler set a $45.00 price objective on FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Zacks Research downgraded FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Stephens reduced their price objective on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th.

FirstSun Capital Bancorp Trading Up 1.1%

NASDAQ FSUN opened at $35.67 on Monday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 10.52 and a beta of 0.40. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The business has a 50 day moving average price of $36.50 and a 200-day moving average price of $37.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

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 the consensus estimate of $0.90 by ($0.06). FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%.The company had revenue of $109.95 million for the quarter. As a group, equities analysts expect that FirstSun Capital Bancorp will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of FirstSun Capital Bancorp stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSUN. Russell Investments Group Ltd. purchased a new position in shares of FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Royal Bank of Canada lifted its holdings 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 worth $47,000 after purchasing an additional 918 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in FirstSun Capital Bancorp during the 2nd quarter worth about $139,000. Quantbot Technologies LP lifted its holdings in 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in FirstSun Capital Bancorp during the 4th quarter worth about $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.