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

Key Points

• Shares carry a consensus rating of Moderate Buy from six brokerages (four Buy, two Hold) with an average 12‑month price target of $45.33; recent analyst moves include Keefe, Bruyette & Woods raising its target to $44 and Piper Sandler setting a $48 target.
• Director Peter E. Murphy purchased 1,500 shares at $35.28 on March 16, and corporate insiders now own roughly 12.52% of the company.
• FirstSun beat Q4 expectations with EPS of $0.95 versus $0.86 and revenue of $110.18M; the stock trades near $37.66, with a market cap of $1.05B and a P/E around 10.9.

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.3333.

A number of brokerages have recently commented on FSUN. Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of FirstSun Capital Bancorp in a research note on Friday, March 27th. Zacks Research downgraded shares of FirstSun Capital Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Piper Sandler cut their target price on shares of FirstSun Capital Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 2nd. Finally, Raymond James Financial reissued an "outperform" rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th.

Insider Buying and Selling

In other news, Director Peter E. Murphy acquired 1,500 shares of the business's stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the acquisition, the director directly owned 1,500 shares of the company's stock, valued at $52,920. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in FirstSun Capital Bancorp by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 15,734 shares of the company's stock worth $547,000 after buying an additional 479 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in FirstSun Capital Bancorp by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company's stock worth $273,000 after buying an additional 558 shares in the last quarter. California State Teachers Retirement System lifted its holdings in FirstSun Capital Bancorp by 9.4% in the 2nd quarter. California State Teachers Retirement System now owns 9,165 shares of the company's stock worth $318,000 after buying an additional 786 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in FirstSun Capital Bancorp in the 3rd quarter worth $41,000. Finally, Alliancebernstein L.P. lifted its holdings in FirstSun Capital Bancorp by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company's stock worth $17,098,000 after buying an additional 1,929 shares in the last quarter.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $37.66 on Friday. The firm has a fifty day moving average price of $37.43 and a 200 day moving average price of $37.21. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.05 billion, a P/E ratio of 10.88 and a beta of 0.71.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The business had revenue of $110.18 million for the quarter, compared to the consensus estimate of $108.20 million. Sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share 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. 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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