FirstSun Capital Bancorp (NASDAQ:FSUN) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $31.30 and last traded at $31.7590, with a volume of 10993 shares traded. The stock had previously closed at $32.05.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FSUN. Keefe, Bruyette & Woods decreased their target price on FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a report on Monday, November 3rd. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, FirstSun Capital Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Check Out Our Latest Report on FSUN

FirstSun Capital Bancorp Stock Down 0.4%

The firm has a market cap of $890.35 million, a PE ratio of 10.10 and a beta of 0.96. The firm’s 50 day moving average is $37.68 and its 200-day moving average is $36.76. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN – Get Free Report) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). FirstSun Capital Bancorp had a net margin of 15.94% and a return on equity of 9.00%. The firm had revenue of $107.29 million for the quarter, compared to analysts’ expectations of $107.10 million. As a group, equities research analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in FirstSun Capital Bancorp by 2.7% in the first quarter. Vanguard Group Inc. now owns 548,767 shares of the company’s stock valued at $19,838,000 after acquiring an additional 14,574 shares during the last quarter. Swiss National Bank acquired a new position in shares of FirstSun Capital Bancorp during the first quarter worth approximately $680,000. Goldman Sachs Group Inc. lifted its stake in shares of FirstSun Capital Bancorp by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after buying an additional 12,449 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in FirstSun Capital Bancorp during the 2nd quarter worth approximately $932,000. Finally, Alliancebernstein L.P. lifted its stake in FirstSun Capital Bancorp by 38.5% during the 1st quarter. Alliancebernstein L.P. now owns 417,477 shares of the company’s stock valued at $15,092,000 after acquiring an additional 116,126 shares in the last quarter.

About FirstSun Capital Bancorp

(Get Free Report)

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.

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