FirstSun Capital Bancorp (NASDAQ:FSUN) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded FirstSun Capital Bancorp from a "strong-buy" to a "hold," though analyst coverage is mixed and the consensus rating remains a "Moderate Buy" with a $43.33 average price target.
• Q4 results topped estimates — EPS $0.95 vs. $0.86 and revenue $110.18M vs. $108.2M — while the stock trades around $36.46 with a PE of 10.54 and a $1.02B market cap.
• Corporate insiders and institutions increased exposure: Director Peter E. Murphy bought 1,500 shares at $35.28, insiders own 12.52% of shares, and firms like Wellington and State Street raised their stakes.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of FirstSun Capital Bancorp in a research note on Friday. Raymond James Financial restated an "outperform" rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

FirstSun Capital Bancorp Trading Up 1.7%

FirstSun Capital Bancorp stock opened at $36.46 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The stock has a market capitalization of $1.02 billion, a PE ratio of 10.54 and a beta of 0.89. The business's fifty day moving average is $37.75 and its 200 day moving average is $37.31.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $108.20 million. On average, sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Insiders Place Their Bets

In other news, Director Peter E. Murphy bought 1,500 shares of the company's stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of $35.28 per share, with a total value of $52,920.00. Following the completion of the transaction, the director owned 1,500 shares of the company's stock, valued at approximately $52,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.52% of the company's stock.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of FirstSun Capital Bancorp by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company's stock worth $108,403,000 after buying an additional 189,493 shares during the last quarter. State Street Corp grew its position in FirstSun Capital Bancorp by 2.1% during the fourth quarter. State Street Corp now owns 459,011 shares of the company's stock valued at $17,275,000 after buying an additional 9,381 shares during the period. Alliancebernstein L.P. increased its holdings in FirstSun Capital Bancorp by 0.4% during the third quarter. Alliancebernstein L.P. now owns 440,784 shares of the company's stock valued at $17,098,000 after buying an additional 1,929 shares during the last quarter. Geode Capital Management LLC raised its position in FirstSun Capital Bancorp by 123.3% in the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company's stock worth $10,354,000 after acquiring an additional 164,507 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in FirstSun Capital Bancorp by 32.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 284,023 shares of the company's stock worth $10,689,000 after acquiring an additional 68,839 shares during the period.

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.

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