FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Six brokerages give FirstSun Capital Bancorp a consensus “Moderate Buy” rating, with three buys, one strong buy and two holds. The average 12-month price target is $45.25.
• Recent earnings exceeded expectations: FirstSun reported quarterly earnings of $0.45 per share, beating the $0.17 consensus estimate, on revenue of $184.14 million.
• Shares remain near their annual high: FSUN opened at $39.52, compared with a 12-month range of $29.95 to $42.34, while several institutional investors recently increased their positions.

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.25.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised 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. Piper Sandler raised their price objective on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of FirstSun Capital Bancorp from a "buy (b-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th.

FirstSun Capital Bancorp Stock Up 1.9%

Shares of NASDAQ FSUN opened at $39.52 on Friday. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The stock has a market cap of $1.84 billion, a PE ratio of 20.06 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $39.74 and a 200 day moving average of $37.62.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.28. The business had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.33 EPS for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSUN. Royal Bank of Canada boosted 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 worth $47,000 after buying an additional 918 shares during the period. Versant Capital Management Inc grew its position in FirstSun Capital Bancorp by 358.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company's stock valued at $76,000 after acquiring an additional 1,533 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FirstSun Capital Bancorp by 10,782.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company's stock valued at $245,000 after acquiring an additional 6,254 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in FirstSun Capital Bancorp during the second quarter worth about $256,000. Finally, Sterling Capital Management LLC lifted its position in shares of FirstSun Capital Bancorp by 867.8% during the first quarter. Sterling Capital Management LLC now owns 7,036 shares of the company's stock worth $257,000 after purchasing an additional 6,309 shares in the last quarter.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.

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