FirstSun Capital Bancorp (NASDAQ:FSUN) Shares Break Above Fifty Day Moving Average – What’s Next?

FirstSun Capital Bancorp (NASDAQ:FSUN) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $39.39 and traded as high as $40.49. FirstSun Capital Bancorp shares last traded at $40.14, with a volume of 349,238 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler lowered their target price on shares of FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Finally, Weiss Ratings raised shares of FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FirstSun Capital Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

FirstSun Capital Bancorp Trading Up 2.5%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 20.38 and a beta of 0.34. The company has a 50 day moving average price of $39.39 and a two-hundred day moving average price of $37.90.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, October 26th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. FirstSun Capital Bancorp had a return on equity of 8.63% and a net margin of 7.59%. The firm had revenue of $179.68 million for the quarter. On average, research analysts forecast that FirstSun Capital Bancorp will post 3.36 EPS for the current year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of large investors have recently added to or reduced their stakes in FSUN. BlackRock Inc. acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at about $73,455,000. Wellington Management Group LLP increased its stake in shares of FirstSun Capital Bancorp by 42.2% during the second quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after purchasing an additional 1,216,889 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of FirstSun Capital Bancorp during the second quarter worth about $4,847,000. Dimensional Fund Advisors LP increased its stake in shares of FirstSun Capital Bancorp by 40.3% during the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $3,999,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.