FirstSun Capital Bancorp (NASDAQ:FSUN) Upgraded to Hold at Wall Street Zen

Key Points

• FirstSun Capital Bancorp was upgraded from a "sell" to a "hold" rating by Wall Street Zen, while Stephens initiated coverage with an "overweight" rating and a target price of $44.00.
• The stock has a current consensus rating of "Buy", with a consensus price target of $46.00, indicating positive market sentiment.
• FirstSun Capital Bancorp reported earnings of $0.93 per share for the last quarter, exceeding analyst expectations by $0.02, and generated revenue of $106.78 million, surpassing forecasts by about $3.43 million.

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

Separately, Stephens began coverage on shares of FirstSun Capital Bancorp in a research note on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $46.00.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock traded up $0.22 during mid-day trading on Friday, reaching $38.64. The stock had a trading volume of 73,227 shares, compared to its average volume of 166,694. FirstSun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 12.35 and a beta of 1.02. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $37.12 and its 200-day moving average is $36.56.

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

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several large investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in FirstSun Capital Bancorp during the fourth quarter worth $336,000. Dimensional Fund Advisors LP acquired a new position in shares of FirstSun Capital Bancorp in the fourth quarter worth about $986,000. Tower Research Capital LLC TRC boosted its stake in shares of FirstSun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after acquiring an additional 405 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of FirstSun Capital Bancorp during the 4th quarter worth about $3,100,000. Finally, Northern Trust Corp grew its position in shares of FirstSun Capital Bancorp by 2.9% during the 4th quarter. Northern Trust Corp now owns 22,317 shares of the company's stock valued at $894,000 after acquiring an additional 625 shares during the period.

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.