FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded to Hold at Zacks Research

FirstSun Capital Bancorp (NASDAQ:FSUN) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Piper Sandler set a $45.00 price target on FirstSun Capital Bancorp in a report on Wednesday, April 29th. Stephens lowered their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Raymond James Financial raised shares of FirstSun Capital Bancorp from an “outperform” rating to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.00.

FirstSun Capital Bancorp Trading Down 0.1%

FSUN opened at $38.76 on Monday. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The firm has a market capitalization of $1.81 billion, a PE ratio of 11.43 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The company’s 50-day moving average is $36.41 and its 200 day moving average is $37.39.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The company had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. As a group, research analysts predict that FirstSun Capital Bancorp will post 3.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp in the third quarter valued at approximately $41,000. Royal Bank of Canada increased its position in shares of FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after acquiring an additional 918 shares during the last quarter. New York State Common Retirement Fund bought a new stake in FirstSun Capital Bancorp during the second quarter worth $139,000. Quantbot Technologies LP lifted its holdings in FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in FirstSun Capital Bancorp in the fourth quarter worth $214,000.

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. 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.