FirstSun Capital Bancorp (NASDAQ:FSUN) Shares Break Above Fifty Day Moving Average - What's Next?

Key Points

• FirstSun Capital Bancorp shares broke above their 50-day moving average, reaching $40.49 and closing at $40.14, up 2.5%. The stock’s 200-day moving average is $37.90.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $45.50. Recent targets range from $45 to $48, though Piper Sandler lowered its target to $45.
• The company exceeded quarterly earnings expectations, reporting $1.03 in EPS versus the $0.98 consensus and $179.68 million in revenue. Institutional investors, including Wellington Management, also increased or initiated positions in the stock.

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $39.39 and traded as high as $40.49. FirstSun Capital Bancorp shares last traded at $40.14, with a volume of 349,238 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler dropped their price target on FirstSun Capital Bancorp from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Wall Street Zen upgraded FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Stephens upped their price objective on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, FirstSun Capital Bancorp presently has an average rating of "Moderate Buy" and an average price target of $45.50.

FirstSun Capital Bancorp Trading Up 2.5%

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 20.38 and a beta of 0.34. The stock has a 50-day simple moving average of $39.39 and a 200 day simple moving average of $37.90.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, October 26th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The firm had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a return on equity of 8.63% and a net margin of 7.59%. As a group, equities research analysts predict that FirstSun Capital Bancorp will post 3.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FSUN. Susquehanna International Group LLP grew its holdings in FirstSun Capital Bancorp by 285.2% during the second quarter. Susquehanna International Group LLP now owns 46,835 shares of the company's stock worth $1,816,000 after acquiring an additional 34,677 shares during the period. Bank of New York Mellon Corp acquired a new position in FirstSun Capital Bancorp in the second quarter valued at approximately $3,128,000. Legal & General Group Plc acquired a new position in FirstSun Capital Bancorp in the second quarter valued at approximately $1,135,000. Wellington Management Group LLP lifted its holdings in FirstSun Capital Bancorp by 42.2% in the second quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company's stock valued at $158,892,000 after acquiring an additional 1,216,889 shares during the period. Finally, Bank of America Corp DE purchased a new stake in FirstSun Capital Bancorp in the 2nd quarter worth approximately $3,999,000.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.

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