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

Zacks Research upgraded shares of FirstSun Capital Bancorp (NASDAQ:FSUN) from a strong sell rating to a hold rating in a research note published on Thursday morning,Zacks reports.

Several other research firms have also commented on FSUN. Stephens increased their price objective on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Piper Sandler cut their target price on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Keefe, Bruyette & Woods boosted their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings downgraded FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, November 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.50.

FirstSun Capital Bancorp Stock Down 0.0%

Shares of NASDAQ FSUN traded down $0.01 during trading on Thursday, hitting $39.04. The stock had a trading volume of 248,424 shares, compared to its average volume of 394,793. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month 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 company has a market capitalization of $1.82 billion, a PE ratio of 19.82 and a beta of 0.32. The firm has a fifty day moving average of $39.27 and a two-hundred day moving average of $37.93.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, October 26th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.02%. The company had revenue of $179.68 million for the quarter. As a group, equities research analysts forecast that FirstSun Capital Bancorp will post 3.36 EPS for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FSUN. Barr E S & Co. increased its holdings in FirstSun Capital Bancorp by 2.5% during the third quarter. Barr E S & Co. now owns 14,350 shares of the company’s stock worth $554,000 after buying an additional 350 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in FirstSun Capital Bancorp by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 12,718 shares of the company’s stock valued at $491,000 after acquiring an additional 371 shares during the last quarter. Voya Investment Management LLC boosted its stake in FirstSun Capital Bancorp by 10.0% in the third quarter. Voya Investment Management LLC now owns 5,774 shares of the company’s stock valued at $223,000 after acquiring an additional 527 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of FirstSun Capital Bancorp by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,170 shares of the company’s stock valued at $744,000 after acquiring an additional 753 shares during the period. Finally, Royal Bank of Canada grew its position in shares of FirstSun Capital Bancorp by 256.4% during the 1st 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.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The bank offers commercial and consumer banking services, including deposit accounts, business and personal loans, cash management, and mortgage lending. It also provides wealth management and trust services. The company serves individuals, businesses, and organizations across Arizona, Colorado, Kansas, New Mexico, and Texas. Its banking services include relationship-focused support for commercial clients as well as everyday banking products for consumers.