Brokerages Set FirstSun Capital Bancorp (NASDAQ:FSUN) PT at $45.33

FirstSun Capital Bancorp (NASDAQ:FSUN) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $45.3333.

A number of research firms recently commented on FSUN. Piper Sandler lowered their target price on shares of FirstSun Capital Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Friday, March 27th. Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Zacks Research cut shares of FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th.

Insider Buying and Selling

In related news, Director Peter E. Murphy bought 1,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average cost of $35.28 per share, for a total transaction of $52,920.00. Following the purchase, the director directly owned 1,500 shares of the company’s stock, valued at approximately $52,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.52% of the stock is owned by company insiders.

Institutional Trading of FirstSun Capital Bancorp

A number of institutional investors have recently bought and sold shares of FSUN. Millennium Management LLC boosted its stake in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after purchasing an additional 110,662 shares in the last quarter. Goldman Sachs Group Inc. raised its position in FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock worth $3,701,000 after buying an additional 12,449 shares during the last quarter. Empowered Funds LLC raised its position in FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock worth $2,622,000 after buying an additional 36,813 shares during the last quarter. JPMorgan Chase & Co. raised its position in FirstSun Capital Bancorp by 312.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock worth $3,041,000 after buying an additional 66,311 shares during the last quarter. Finally, Legal & General Group Plc raised its position in FirstSun Capital Bancorp by 36.6% during the 2nd quarter. Legal & General Group Plc now owns 8,749 shares of the company’s stock worth $304,000 after buying an additional 2,344 shares during the last quarter.

FirstSun Capital Bancorp Stock Up 1.8%

NASDAQ:FSUN opened at $38.86 on Friday. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The stock has a market capitalization of $1.08 billion, a P/E ratio of 11.23 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50-day simple moving average is $37.34 and its 200-day simple moving average is $37.18.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $108.20 million. On average, equities analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

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.