FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target Raised to $45.00

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price target lifted by Keefe, Bruyette & Woods from $43.00 to $45.00 in a report released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other brokerages also recently commented on FSUN. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Stephens cut their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler increased their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Trading Down 0.2%

FSUN opened at $39.68 on Wednesday. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The company has a fifty day moving average of $36.92 and a 200-day moving average of $37.17. The stock has a market cap of $1.85 billion, a PE ratio of 20.14 and a beta of 0.31. 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 data on Monday, July 27th. The company reported $0.45 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 8.23%. The company had revenue of $184.14 million during the quarter. On average, sell-side analysts predict that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in FirstSun Capital Bancorp during the second quarter worth about $73,455,000. Deutsche Bank AG purchased a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $957,000. Bank of New York Mellon Corp purchased a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $3,128,000. Access Investment Management LLC bought a new stake in shares of FirstSun Capital Bancorp during the 1st quarter valued at about $1,959,000. Finally, Bank of America Corp DE boosted its position in shares of FirstSun Capital Bancorp by 59.0% during the 1st quarter. Bank of America Corp DE now owns 99,637 shares of the company’s stock valued at $3,633,000 after acquiring an additional 36,964 shares during the last quarter.

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.