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

Key Points

• FirstSun Capital Bancorp has a consensus “Buy” rating from six brokerages: four rate it Buy, one Hold, and one Strong Buy. The average 12-month price target is $45.25, above the recent $41.11 share price.
• The company reported quarterly EPS of $0.45, well above analysts’ $0.17 consensus estimate, on revenue of $184.14 million.
• FSUN shares are near their 52-week high, with a recent price of $41.11 compared with a range of $29.95 to $42.34; several institutional investors have also recently increased or initiated positions.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) has received a consensus rating of "Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $45.25.

Several equities analysts have recently weighed in on FSUN shares. Zacks Research upgraded shares of FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Raymond James Financial restated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Stephens cut their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th.

Institutional Trading of FirstSun Capital Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in FirstSun Capital Bancorp in the 3rd quarter worth about $41,000. Royal Bank of Canada increased its position in shares of FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company's stock valued at $47,000 after buying an additional 918 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter worth about $139,000. Quantbot Technologies LP lifted its holdings in shares of FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company's stock worth $169,000 after buying an additional 4,071 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of FirstSun Capital Bancorp in the fourth quarter worth about $214,000.

FirstSun Capital Bancorp Stock Up 0.6%

FSUN stock opened at $41.11 on Friday. The stock has a fifty day moving average of $37.48 and a 200-day moving average of $37.23. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 0.92.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.28. The business had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. As a group, equities research analysts predict that FirstSun Capital Bancorp will post 3.34 earnings per share for the current 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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