FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Gets Price Target Trim from Piper Sandler

FirstSun Capital Bancorp (NASDAQ:FSUN) had its price objective trimmed by Piper Sandler from $47.00 to $45.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on FSUN. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research cut FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Weiss Ratings upgraded FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods upped their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp has a consensus rating of “Moderate Buy” and an average target price of $45.50.

FirstSun Capital Bancorp Stock Down 0.5%

Shares of NASDAQ FSUN opened at $39.17 on Wednesday. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $39.38 and its two-hundred day simple moving average is $37.89. The stock has a market capitalization of $1.82 billion, a P/E ratio of 12.03 and a beta of 0.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.63%. The firm had revenue of $179.68 million during the quarter. As a group, analysts expect that FirstSun Capital Bancorp will post 3.36 EPS for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of 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 last quarter. BlackRock Inc. bought a new stake in FirstSun Capital Bancorp during the second quarter valued at about $73,455,000. Dimensional Fund Advisors LP raised its stake in FirstSun Capital Bancorp by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after purchasing an additional 114,339 shares during the period. Empowered Funds LLC bought a new position in shares of FirstSun Capital Bancorp during the second quarter worth $4,847,000. Finally, Bank of America Corp DE bought a new position in shares of FirstSun Capital Bancorp during the 2nd quarter valued at about $3,999,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.