FirstSun Capital Bancorp (NASDAQ:FSUN) Rating Lowered to "Sell" at Wall Street Zen

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

Separately, Stephens assumed coverage on FirstSun Capital Bancorp in a research report on Tuesday, May 6th. They set an "overweight" rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

FirstSun Capital Bancorp Stock Down 1.0%

Shares of NASDAQ FSUN traded down $0.37 during midday trading on Friday, reaching $37.84. The company's stock had a trading volume of 50,724 shares, compared to its average volume of 78,058. The stock has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $37.40. The stock has a market capitalization of $1.05 billion and a price-to-earnings ratio of 12.27. FirstSun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. FirstSun Capital Bancorp had a return on equity of 9.34% and a net margin of 15.84%. The business had revenue of $97.40 million for the quarter, compared to analysts' expectations of $99.11 million. Equities research analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Fleshood acquired 2,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $35.38 per share, with a total value of $70,760.00. Following the completion of the transaction, the director directly owned 2,050 shares of the company's stock, valued at $72,529. This trade represents a 4,000.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in FirstSun Capital Bancorp by 165.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after buying an additional 405 shares during the period. Quantbot Technologies LP bought a new stake in shares of FirstSun Capital Bancorp in the 4th quarter valued at $49,000. KLP Kapitalforvaltning AS acquired a new position in FirstSun Capital Bancorp during the first quarter worth $69,000. Bank of America Corp DE grew its position in FirstSun Capital Bancorp by 4,306.6% during the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock valued at $161,000 after buying an additional 3,919 shares during the period. Finally, EntryPoint Capital LLC bought a new position in FirstSun Capital Bancorp during the fourth quarter worth about $220,000.

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.