FirstSun Capital Bancorp's (FSUN) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• FirstSun Capital Bancorp's stock received a reaffirmed "hold (C+)" rating from Weiss Ratings, while Wall Street Zen upgraded it from "sell" to "hold."
• The company currently has a consensus target price of $46.00 and a market capitalization of $1.13 billion.
• In its most recent earnings report, FirstSun Capital Bancorp reported an EPS of $0.93, exceeding analyst expectations.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $40.58 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 12.96 and a beta of 1.02. FirstSun Capital Bancorp has a one year low of $31.70 and a one year high of $45.32. The company's fifty day moving average is $37.76 and its two-hundred day moving average is $36.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 EPS 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%. Analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSUN. Ameritas Investment Partners Inc. acquired a new position in shares of FirstSun Capital Bancorp during the second quarter valued at $45,000. KLP Kapitalforvaltning AS acquired a new position in shares of FirstSun Capital Bancorp during the first quarter valued at $69,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of FirstSun Capital Bancorp during the second quarter valued at $97,000. New York State Common Retirement Fund acquired a new position in shares of FirstSun Capital Bancorp during the second quarter valued at $139,000. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 3,919 shares during the period.

About FirstSun Capital Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.