FirstSun Capital Bancorp (NASDAQ:FSUN) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a hold rating to a sell rating in a research note released on Saturday.

Other research analysts have also issued reports about the stock. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Zacks Research lowered shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Piper Sandler set a $45.00 target price on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Stephens dropped their price objective on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of “Moderate Buy” and an average price target of $44.00.

FirstSun Capital Bancorp Stock Down 2.1%

FirstSun Capital Bancorp stock opened at $34.48 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 10.17 and a beta of 0.41. The firm’s fifty day simple moving average is $36.62 and its 200-day simple moving average is $36.81. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The business had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. Sell-side analysts forecast that FirstSun Capital Bancorp will post 3.44 earnings per share for the current fiscal year.

Insider Transactions at FirstSun Capital Bancorp

In related news, Director Peter E. Murphy acquired 1,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were bought at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the acquisition, the director owned 1,500 shares in the company, valued at $52,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp during the 3rd quarter worth about $41,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter valued at about $139,000. Quantbot Technologies LP boosted its position in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after acquiring an additional 4,071 shares in the last quarter. State of Wyoming acquired a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter valued at about $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of FirstSun Capital Bancorp during the 4th quarter valued at about $214,000.

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.