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

Key Points

• Zacks Research upgraded FirstSun Capital Bancorp from “strong sell” to “hold.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $45.50.
• FirstSun reported quarterly earnings of $1.03 per share, beating the $0.98 analyst consensus; revenue was $179.68 million.
• Shares traded at $39.04, near their 50-day moving average of $39.27 and below the 52-week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

FSUN has been the topic of a number of other research reports. Wall Street Zen upgraded FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Stephens lifted their price objective on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. Piper Sandler reduced their price objective on FirstSun Capital Bancorp from $47.00 to $45.00 and set an "overweight" rating for the company in a report 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 report on Wednesday, August 5th. Finally, Weiss Ratings lowered FirstSun Capital Bancorp from a "hold (c+)" rating to a "hold (c)" rating in a 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's stock. 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 Price Performance

FSUN traded down $0.01 on Thursday, hitting $39.04. 248,424 shares of the company were exchanged, compared to its average volume of 394,793. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The business's fifty day moving average is $39.27 and its 200 day moving average is $37.93. 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 $1.82 billion, a P/E ratio of 19.82 and a beta of 0.32.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, October 26th. The company reported $1.03 earnings per share (EPS) 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 during the quarter. As a group, sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.36 EPS for the current year.

Institutional Trading of FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in FirstSun Capital Bancorp by 6.6% in the third quarter. Empowered Funds LLC now owns 133,216 shares of the company's stock valued at $5,143,000 after purchasing an additional 8,221 shares during the period. Gabelli Funds LLC raised its stake in FirstSun Capital Bancorp by 74.1% during the third quarter. Gabelli Funds LLC now owns 63,766 shares of the company's stock worth $2,462,000 after purchasing an additional 27,137 shares during the period. Gamco Investors INC. ET AL raised its stake in FirstSun Capital Bancorp by 21.2% during the third quarter. Gamco Investors INC. ET AL now owns 7,513 shares of the company's stock worth $290,000 after purchasing an additional 1,316 shares during the period. Angel Oak Capital Advisors LLC purchased a new position in shares of FirstSun Capital Bancorp in the 3rd quarter worth $579,000. Finally, Banc Funds Co. LLC boosted its holdings in FirstSun Capital Bancorp by 5.5% in the third quarter. Banc Funds Co. LLC now owns 251,031 shares of the company's stock valued at $9,692,000 after acquiring an additional 13,000 shares during the last quarter.

About FirstSun Capital Bancorp

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.

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