Analysts Set FirstSun Capital Bancorp (NASDAQ:FSUN) PT at $46.00

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $46.00.

A number of equities analysts recently commented on FSUN shares. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Wednesday, October 8th.

FirstSun Capital Bancorp Stock Up 0.1%

Shares of NASDAQ FSUN opened at $33.52 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a 52 week low of $31.70 and a 52 week high of $45.32. The firm’s fifty day moving average is $38.69 and its 200 day moving average is $36.86. The company has a market cap of $933.03 million, a price-to-earnings ratio of 10.61 and a beta of 1.02.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, October 27th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $108.51 million during the quarter, compared to analysts’ expectations of $107.10 million. FirstSun Capital Bancorp had a return on equity of 9.12% and a net margin of 15.94%. On average, equities research analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Salzhauer Michael increased its position in FirstSun Capital Bancorp by 45.1% during the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock valued at $4,872,000 after purchasing an additional 39,048 shares during the period. CWM LLC increased its position in FirstSun Capital Bancorp by 301,950.0% during the 3rd quarter. CWM LLC now owns 6,041 shares of the company’s stock valued at $234,000 after purchasing an additional 6,039 shares during the period. Voleon Capital Management LP purchased a new position in FirstSun Capital Bancorp during the 2nd quarter valued at $632,000. BNP Paribas Financial Markets increased its position in FirstSun Capital Bancorp by 452.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 40,010 shares of the company’s stock valued at $1,390,000 after purchasing an additional 32,768 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in FirstSun Capital Bancorp by 8.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 89,466 shares of the company’s stock valued at $3,109,000 after purchasing an additional 6,938 shares during the period.

About FirstSun Capital Bancorp

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.