FirstSun Capital Bancorp (NASDAQ:FSUN) Issues Quarterly Earnings Results

FirstSun Capital Bancorp (NASDAQ:FSUN) announced its quarterly earnings data on Monday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.28, FiscalAI reports. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. The business had revenue of $184.14 million during the quarter.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN opened at $34.75 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.62 billion, a PE ratio of 10.25 and a beta of 0.31. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The stock has a fifty day moving average price of $36.24 and a 200-day moving average price of $37.12.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of FirstSun Capital Bancorp by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock worth $108,403,000 after acquiring an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of FirstSun Capital Bancorp in the 3rd quarter valued at approximately $6,697,000. Dimensional Fund Advisors LP boosted its stake in FirstSun Capital Bancorp by 40.3% in the 1st 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. Millennium Management LLC boosted its stake in 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 purchasing an additional 110,662 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in FirstSun Capital Bancorp during the 4th quarter worth approximately $4,154,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on FSUN. Wall Street Zen cut shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Stephens lowered 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. Finally, Weiss Ratings cut FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. 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.com, FirstSun Capital Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

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.