FirstSun Capital Bancorp (NASDAQ:FSUN) Issues Earnings Results

by · The Markets Daily

FirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report) issued its quarterly earnings data on Monday. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05, FiscalAI reports. The firm had revenue of $179.68 million during the quarter.

FirstSun Capital Bancorp Trading Up 0.7%

Shares of FSUN opened at $40.09 on Wednesday. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The stock has a 50 day moving average of $39.44 and a 200-day moving average of $37.89.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds have recently added to or reduced their stakes in FSUN. Wellington Management Group LLP increased its stake in FirstSun Capital Bancorp by 42.2% during the second quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock valued at $158,892,000 after purchasing an additional 1,216,889 shares during the last quarter. BlackRock Inc. bought a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth about $73,455,000. Dimensional Fund Advisors LP lifted its position in shares of FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after buying an additional 114,339 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $4,847,000. Finally, Bank of America Corp DE acquired a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at about $3,999,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FSUN. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Weiss Ratings upgraded FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Piper Sandler increased their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods increased their price target on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Stephens restated an “overweight” rating and set a $48.00 price objective on shares of FirstSun Capital Bancorp in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Get Our Latest Analysis on FirstSun Capital Bancorp

About FirstSun Capital Bancorp

(Get Free Report)

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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