FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• FSUN slipped below its 50-day moving average: Shares traded as low as $38.94 and last changed hands at $39.05, compared with a 50-day average of $39.30.
• Analyst sentiment remains moderately positive: MarketBeat reports a “Moderate Buy” consensus and a $45.50 average price target, though recent recommendations range from strong sell to overweight.
• Quarterly earnings beat expectations: FirstSun reported earnings of $1.03 per share, topping the $0.98 consensus estimate, on revenue of $179.68 million.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $39.30 and traded as low as $38.94. FirstSun Capital Bancorp shares last traded at $39.05, with a volume of 217,229 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FSUN shares. Stephens raised their target price 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. Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Zacks Research lowered shares of FirstSun Capital Bancorp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.

FirstSun Capital Bancorp Stock Performance

The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.82 and a beta of 0.32. The company has a fifty day moving average of $39.30 and a two-hundred day moving average of $37.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data 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 8.02% and a net margin of 7.59%. As a group, equities research analysts predict that FirstSun Capital Bancorp will post 3.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in FirstSun Capital Bancorp by 256.4% during the first quarter. Royal Bank of Canada now owns 1,276 shares of the company's stock worth $47,000 after acquiring an additional 918 shares during the period. State of Alaska Department of Revenue bought a new stake in FirstSun Capital Bancorp in the 3rd quarter valued at about $75,000. Versant Capital Management Inc boosted its holdings in FirstSun Capital Bancorp by 358.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company's stock valued at $76,000 after purchasing an additional 1,533 shares during the period. Voya Investment Management LLC grew its position in shares of FirstSun Capital Bancorp by 10.0% during the 3rd quarter. Voya Investment Management LLC now owns 5,774 shares of the company's stock worth $223,000 after purchasing an additional 527 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of FirstSun Capital Bancorp by 10,782.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company's stock worth $245,000 after purchasing an additional 6,254 shares in the last quarter.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The bank offers commercial and consumer banking services, including deposit accounts, business and personal loans, cash management, and mortgage lending. It also provides wealth management and trust services. The company serves individuals, businesses, and organizations across Arizona, Colorado, Kansas, New Mexico, and Texas. Its banking services include relationship-focused support for commercial clients as well as everyday banking products for consumers.

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