FirstSun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – What’s Next?

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) gapped down before the market opened on Friday . The stock had previously closed at $37.93, but opened at $34.62. FirstSun Capital Bancorp shares last traded at $34.64, with a volume of 109,195 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Stephens decreased their price target on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Piper Sandler set a $45.00 price objective on shares of FirstSun Capital Bancorp in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. One 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’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of “Buy” and a consensus price target of $44.00.

FirstSun Capital Bancorp Stock Down 7.2%

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’s 50 day moving average price is $36.44 and its two-hundred day moving average price is $37.39. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.43 and a beta of 0.31.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). The firm had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. Sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.52 earnings per share for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

A number of institutional investors have recently modified their holdings of FSUN. Russell Investments Group Ltd. acquired a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter worth approximately $41,000. Royal Bank of Canada raised its position in FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares in the last quarter. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp during the second quarter valued at approximately $139,000. Quantbot Technologies LP raised its position in FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after purchasing an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in FirstSun Capital Bancorp during the fourth quarter worth $214,000.

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.