Firstsun Capital Bancorp (NASDAQ:FSUN) Now Covered by Piper Sandler

Equities researchers at Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a note issued to investors on Friday, Marketbeat.com reports. The firm set an “overweight” rating and a $51.00 price target on the stock. Piper Sandler’s target price would indicate a potential upside of 23.40% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Raymond James raised shares of 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 Stock Down 0.4 %

Shares of NASDAQ FSUN opened at $41.33 on Friday. Firstsun Capital Bancorp has a one year low of $33.31 and a one year high of $45.32. The company’s fifty day moving average is $40.39 and its two-hundred day moving average is $40.52. 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 (NASDAQ:FSUN) last issued its earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, topping 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, equities analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Investors Weigh In On Firstsun Capital Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $103,024,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $42,772,000. Stieven Capital Advisors L.P. acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth about $18,743,000. Fourthstone LLC acquired a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $13,846,000. Finally, Marshall Wace LLP boosted its stake in shares of Firstsun Capital Bancorp by 1,721.6% during the 4th quarter. Marshall Wace LLP now owns 125,110 shares of the company’s stock worth $5,011,000 after purchasing an additional 118,242 shares during the last quarter.

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.