FirstSun Capital Bancorp (NASDAQ:FSUN) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded FirstSun Capital Bancorp from “hold” to “buy,” joining a generally positive analyst outlook. The stock has an average “Buy” rating and a consensus price target of $45.25.
• FSUN shares opened at $41.11, near their 52-week high of $42.34, and were trading above their 50-day and 200-day moving averages.
• FirstSun reported quarterly EPS of $0.45, exceeding the $0.17 consensus estimate by $0.28, on revenue of $184.14 million.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on FSUN. Zacks Research raised FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Stephens dropped their target price on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Piper Sandler lifted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of FirstSun Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of "Buy" and an average price target of $45.25.

FirstSun Capital Bancorp Trading Up 0.6%

Shares of FSUN opened at $41.11 on Friday. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a current ratio of 0.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $37.48 and a 200-day simple moving average of $37.23. The stock has a market cap of $1.91 billion, a PE ratio of 20.87 and a beta of 0.31.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.17 by $0.28. The business had revenue of $184.14 million during the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. On average, sell-side analysts predict that FirstSun Capital Bancorp will post 3.34 EPS for the current fiscal year.

Institutional Trading of FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FSUN. Wellington Management Group LLP lifted its holdings in FirstSun Capital Bancorp by 7.0% during the 4th 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 in the last quarter. BlackRock Inc. acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at $73,455,000. State Street Corp increased its stake in shares of FirstSun Capital Bancorp by 2.1% in the 4th 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. raised its position in shares of FirstSun Capital Bancorp by 0.4% during the third quarter. Alliancebernstein L.P. now owns 440,784 shares of the company's stock worth $17,098,000 after acquiring an additional 1,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of FirstSun Capital Bancorp by 40.3% during the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company's stock worth $14,523,000 after acquiring an additional 114,339 shares during the last quarter.

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. 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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