FirstSun Capital Bancorp (NASDAQ:FSUN) Posts Earnings Results, Beats Estimates By $0.05 EPS

FirstSun Capital Bancorp (NASDAQ:FSUN) issued its quarterly earnings data on Monday. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05, FiscalAI reports. The company had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.

FirstSun Capital Bancorp Stock Performance

FSUN opened at $39.80 on Tuesday. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 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 has a fifty day moving average price of $39.48 and a 200 day moving average price of $37.88. The stock has a market cap of $1.85 billion, a P/E ratio of 13.01 and a beta of 0.34.

Analyst Ratings Changes

A number of equities research analysts recently commented on FSUN shares. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler raised their price objective on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Stephens lowered their price target on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.25.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FSUN. Access Investment Management LLC boosted its position in FirstSun Capital Bancorp by 2.5% during the third quarter. Access Investment Management LLC now owns 89,515 shares of the company’s stock worth $3,456,000 after acquiring an additional 2,175 shares during the last quarter. Sterling Capital Management LLC raised its holdings in FirstSun Capital Bancorp by 1,494.4% in the 3rd quarter. Sterling Capital Management LLC now owns 8,004 shares of the company’s stock valued at $309,000 after acquiring an additional 7,502 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in FirstSun Capital Bancorp in the 3rd quarter valued at about $75,000. Versant Capital Management Inc lifted its stake in FirstSun Capital Bancorp by 358.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock worth $76,000 after purchasing an additional 1,533 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in FirstSun Capital Bancorp in the 2nd quarter worth approximately $299,000.

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.