FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $45.25.

Several research analysts have recently commented on FSUN shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Stephens reduced their target price on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Piper Sandler increased their target price on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds have recently modified their holdings of FSUN. Susquehanna International Group LLP raised its position in shares of FirstSun Capital Bancorp by 285.2% during the 2nd quarter. Susquehanna International Group LLP now owns 46,835 shares of the company’s stock valued at $1,816,000 after purchasing an additional 34,677 shares during the period. Legal & General Group Plc purchased a new position in shares of FirstSun Capital Bancorp during the 2nd quarter valued at $1,135,000. Bank of New York Mellon Corp bought a new position in FirstSun Capital Bancorp in the 2nd quarter worth $3,128,000. Wellington Management Group LLP boosted its holdings in FirstSun Capital Bancorp by 42.2% in the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after buying an additional 1,216,889 shares during the period. Finally, Swiss National Bank boosted its holdings in FirstSun Capital Bancorp by 110.3% in the 1st quarter. Swiss National Bank now owns 51,100 shares of the company’s stock worth $1,863,000 after buying an additional 26,800 shares during the period.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $38.49 on Friday. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The stock’s fifty day moving average is $39.81 and its 200 day moving average is $37.75. The stock has a market cap of $1.79 billion, a P/E ratio of 19.54 and a beta of 0.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. The company had revenue of $184.14 million for the quarter. Sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.33 earnings per share for the current year.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.