FirstSun Capital Bancorp (NASDAQ:FSUN) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

FirstSun Capital Bancorp (NASDAQ:FSUN) announced its earnings results on Monday. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.28, FiscalAI reports. FirstSun Capital Bancorp had a return on equity of 8.23% and a net margin of 6.60%.The company had revenue of $184.14 million during the quarter.

FirstSun Capital Bancorp Stock Up 13.0%

Shares of NASDAQ:FSUN opened at $39.34 on Wednesday. The company has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $37.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a market capitalization of $1.84 billion, a PE ratio of 19.97 and a beta of 0.31. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34.

Analyst Upgrades and Downgrades

FSUN has been the topic of a number of research analyst reports. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen lowered shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Stephens set a $45.00 price target on shares of FirstSun Capital Bancorp in a report on Wednesday. Finally, Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the 3rd quarter worth $41,000. Royal Bank of Canada grew its stake in FirstSun Capital Bancorp by 256.4% in 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 period. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp in the second quarter valued at about $139,000. Quantbot Technologies LP increased its holdings in shares of FirstSun Capital Bancorp by 508.9% in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FirstSun Capital Bancorp in the fourth quarter worth about $214,000.

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.