Stephens Cuts FirstSun Capital Bancorp (NASDAQ:FSUN) Price Target to $43.00

Key Points

• Stephens lowered its price target on FirstSun Capital Bancorp from $44 to $43 while maintaining an "overweight" rating, implying about a 23.11% upside from the prior close.
• The stock traded down to $34.93 after FirstSun reported Q1 EPS of $0.84 versus estimates of $0.90, and the shares sit below the analysts' average target of $45 with a consensus of "Moderate Buy."
• Insider and institutional activity is notable: Director Peter E. Murphy purchased 1,500 shares at $35.28, and several hedge funds and large investors have recently added or initiated positions.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) had its price target lowered by equities researchers at Stephens from $44.00 to $43.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has an "overweight" rating on the stock. Stephens' price objective would suggest a potential upside of 23.11% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial reiterated an "outperform" rating on shares of FirstSun Capital Bancorp in a research note on Tuesday, January 27th. Piper Sandler lowered their price objective on shares of FirstSun Capital Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings upgraded shares of FirstSun Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, April 14th. Finally, Zacks Research cut shares of FirstSun Capital Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, FirstSun Capital Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

FirstSun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN traded down $2.38 during trading on Wednesday, reaching $34.93. 9,626 shares of the company traded hands, compared to its average volume of 196,184. The firm has a 50 day simple moving average of $37.10 and a 200-day simple moving average of $37.09. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $975.29 million, a PE ratio of 10.25 and a beta of 0.71. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.06). FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.90%. The company had revenue of $109.95 million for the quarter. Equities research analysts anticipate that FirstSun Capital Bancorp will post 4.05 earnings per share for the current year.

Insider Buying and Selling at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy acquired 1,500 shares of the stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $35.28 per share, for a total transaction of $52,920.00. Following the purchase, the director directly owned 1,500 shares of the company's stock, valued at approximately $52,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 12.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp in the third quarter worth $41,000. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter worth $139,000. Quantbot Technologies LP increased its stake in shares of FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company's stock worth $169,000 after purchasing an additional 4,071 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in FirstSun Capital Bancorp in the 4th quarter worth $214,000. Finally, Squarepoint Ops LLC bought a new position in FirstSun Capital Bancorp in the 4th quarter worth $216,000.

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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.

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