Firstsun Capital Bancorp (NASDAQ:FSUN) Issues Quarterly Earnings Results

Firstsun Capital Bancorp (NASDAQ:FSUN) released its quarterly earnings data on Monday. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04, Zacks reports. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%.

Firstsun Capital Bancorp Trading Down 0.0 %

Shares of NASDAQ FSUN opened at $36.04 on Tuesday. Firstsun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $36.88 and its two-hundred day moving average is $38.61.

Insider Activity at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter bought 1,025,450 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FSUN has been the topic of a number of recent research reports. Piper Sandler initiated coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an “overweight” rating and a $51.00 price target on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

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.