Firstsun Capital Bancorp (NASDAQ:FSUN) Announces Earnings Results, Beats Estimates By $0.04 EPS

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.04, Zacks reports. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. The firm had revenue of $97.40 million for the quarter, compared to analysts' expectations of $99.11 million.

Firstsun Capital Bancorp Trading Up 0.5 %

Shares of Firstsun Capital Bancorp stock traded up $0.17 during trading hours on Thursday, reaching $35.16. 19,502 shares of the company were exchanged, compared to its average volume of 53,168. Firstsun Capital Bancorp has a 1 year low of $31.70 and a 1 year high of $45.32. The stock's fifty day moving average is $36.63 and its 200 day moving average is $38.56. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

Insider Transactions at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter acquired 1,025,450 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares of the company's stock, valued at $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.52% of the company's stock.

Analyst Ratings Changes

FSUN has been the topic of a number of research reports. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an "overweight" rating and a $51.00 price target on the stock. Keefe, Bruyette & Woods restated an "outperform" rating and set a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

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.