Firstsun Capital Bancorp (NASDAQ:FSUN) Coverage Initiated by Analysts at Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $51.00 price target on the stock. Piper Sandler's price target points to a potential upside of 26.71% from the stock's current price.

Several other research firms also recently weighed in on FSUN. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Raymond James upgraded Firstsun Capital Bancorp from a "market perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a report on Tuesday, November 19th.

Firstsun Capital Bancorp Trading Down 1.4 %

Shares of NASDAQ FSUN traded down $0.59 during trading on Friday, hitting $40.25. The company had a trading volume of 41,324 shares, compared to its average volume of 56,576. The stock has a fifty day simple moving average of $40.41 and a two-hundred day simple moving average of $40.51. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. Firstsun Capital Bancorp has a fifty-two week low of $33.31 and a fifty-two week high of $45.32.

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Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. Analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. bought a new stake in Firstsun Capital Bancorp during the third quarter worth approximately $2,816,000. Fourthstone LLC acquired a new stake in Firstsun Capital Bancorp during the 3rd quarter worth about $13,846,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp during the third quarter valued at about $873,000. State Street Corp purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $1,367,000. Finally, Wellington Management Group LLP acquired a new position in Firstsun Capital Bancorp in the 3rd quarter worth approximately $103,024,000.

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.