Wall Street Zen Upgrades FirstSun Capital Bancorp (NASDAQ:FSUN) to “Hold”

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Stephens lowered their target price on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Piper Sandler set a $45.00 price target on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $38.66 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 19.62 and a beta of 0.31. The business has a 50 day simple moving average of $36.51 and a two-hundred day simple moving average of $37.13. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 8.23% and a net margin of 6.60%.The firm had revenue of $184.14 million for the quarter. As a group, analysts predict that FirstSun Capital Bancorp will post 3.13 EPS for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

Several large investors have recently added to or reduced their stakes in FSUN. Millennium Management LLC increased its stake in shares of FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after acquiring an additional 110,662 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock worth $3,701,000 after acquiring an additional 12,449 shares during the period. Empowered Funds LLC boosted its position in shares of FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after acquiring an additional 36,813 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of FirstSun Capital Bancorp by 312.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock valued at $3,041,000 after acquiring an additional 66,311 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of FirstSun Capital Bancorp by 36.6% during the 2nd quarter. Legal & General Group Plc now owns 8,749 shares of the company’s stock valued at $304,000 after acquiring an additional 2,344 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.