FirstSun Capital Bancorp (NASDAQ:FSUN) Trading 0.1% Higher After Strong Earnings
by Doug Wharley · The Cerbat GemFirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report)’s stock price shot up 0.1% during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $38.70 and last traded at $37.81. 246,471 shares changed hands during trading, an increase of 156% from the average session volume of 96,346 shares. The stock had previously closed at $37.77.
The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.
Wall Street Analysts Forecast Growth
FSUN has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.
View Our Latest Research Report on FSUN
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of FSUN. Alliancebernstein L.P. boosted its stake in FirstSun Capital Bancorp by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after purchasing an additional 1,929 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FirstSun Capital Bancorp by 123.3% during the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after buying an additional 164,507 shares during the last quarter. Dimensional Fund Advisors LP raised its position in FirstSun Capital Bancorp by 28.8% in the third quarter. Dimensional Fund Advisors LP now owns 215,184 shares of the company’s stock worth $8,350,000 after purchasing an additional 48,168 shares in the last quarter. Two Sigma Investments LP lifted its holdings in FirstSun Capital Bancorp by 96.7% during the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after purchasing an additional 99,196 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of FirstSun Capital Bancorp in the third quarter worth about $6,697,000.
FirstSun Capital Bancorp Stock Up 0.1%
The firm’s 50 day moving average price is $36.98 and its 200-day moving average price is $37.21. The company has a market cap of $1.05 billion, a P/E ratio of 11.97 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.
FirstSun Capital Bancorp Company Profile
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.