FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday. 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. According to MarketBeat, FirstSun Capital Bancorp has an average rating of “Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $38.35 on Wednesday. The stock has a market cap of $1.07 billion, a P/E ratio of 11.08 and a beta of 0.82. The firm’s 50-day simple moving average is $37.41 and its 200 day simple moving average is $37.23. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $45.32. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The business had revenue of $111.36 million during the quarter, compared to analysts’ expectations of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.12%. Equities analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Trading of FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. CreativeOne Wealth LLC bought a new position in FirstSun Capital Bancorp during the second quarter valued at approximately $503,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $961,000. Teacher Retirement System of Texas acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $932,000. Salzhauer Michael raised its holdings in shares of FirstSun Capital Bancorp by 45.1% during the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock valued at $4,872,000 after purchasing an additional 39,048 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of FirstSun Capital Bancorp by 123.3% in the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after purchasing an additional 164,507 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.