FirstSun Capital Bancorp (NASDAQ:FSUN) Receives Consensus Rating of "Buy" from Analysts

Key Points

• FirstSun Capital Bancorp (NASDAQ:FSUN) has received an average rating of "Buy" from four analysts covering the stock, with a 1-year target price of $46.00.
• Institutional investors have been increasing their stakes, with Wellington Management Group LLP raising its holdings by 4.6% in the first quarter.
• The company's recent earnings report showed $0.93 earnings per share, exceeding estimates, and a revenue of $106.78 million for the quarter.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) has received an average rating of "Buy" from the four analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $46.00.

A number of equities research analysts recently commented on FSUN shares. Weiss Ratings restated a "hold (c+)" rating on shares of FirstSun Capital Bancorp in a report on Saturday, September 27th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 30th.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of FirstSun Capital Bancorp by 4.6% during the first quarter. Wellington Management Group LLP now owns 2,747,637 shares of the company's stock worth $99,327,000 after acquiring an additional 121,470 shares during the period. Vanguard Group Inc. raised its holdings in shares of FirstSun Capital Bancorp by 2.7% during the first quarter. Vanguard Group Inc. now owns 548,767 shares of the company's stock worth $19,838,000 after acquiring an additional 14,574 shares during the period. Alliancebernstein L.P. increased its stake in FirstSun Capital Bancorp by 5.1% in the 2nd quarter. Alliancebernstein L.P. now owns 438,855 shares of the company's stock valued at $15,250,000 after buying an additional 21,378 shares during the last quarter. Geode Capital Management LLC increased its stake in FirstSun Capital Bancorp by 123.3% in the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company's stock valued at $10,354,000 after buying an additional 164,507 shares during the last quarter. Finally, Millennium Management LLC increased its stake in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company's stock valued at $6,002,000 after buying an additional 110,662 shares during the last quarter.

FirstSun Capital Bancorp Trading Up 1.3%

FSUN traded up $0.51 during mid-day trading on Friday, hitting $39.37. The stock had a trading volume of 75,468 shares, compared to its average volume of 116,236. The stock's fifty day simple moving average is $37.54 and its 200-day simple moving average is $36.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.58 and a beta of 1.02. FirstSun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million for the quarter, compared to analyst estimates of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. As a group, research analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

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.

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