Firstsun Capital Bancorp (NASDAQ:FSUN) Receives Outperform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their outperform rating on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $47.00 target price on the stock, up from their prior target price of $46.00.

Separately, Raymond James upgraded Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

Shares of FSUN opened at $41.00 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. Firstsun Capital Bancorp has a twelve month low of $33.31 and a twelve month high of $44.37. The firm’s 50-day moving average is $39.72 and its two-hundred day moving average is $40.18.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. As a group, sell-side analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Firstsun Capital Bancorp

Hedge funds have recently made changes to their positions in the stock. Philadelphia Financial Management of San Francisco LLC bought a new position in Firstsun Capital Bancorp during the third quarter worth $873,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $1,367,000. Empowered Funds LLC acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter valued at $1,430,000. Salzhauer Michael bought a new stake in Firstsun Capital Bancorp in the fourth quarter worth about $2,024,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth approximately $2,816,000.

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.