Firstsun Capital Bancorp's (FSUN) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $47.00 price objective on the stock, up from their prior price objective of $46.00.

Separately, Raymond James raised Firstsun Capital Bancorp from a "market perform" rating to an "outperform" rating and set a $42.00 price target for the company in a report on Tuesday, November 19th.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN stock traded down $0.01 during trading hours on Monday, reaching $40.99. 132,691 shares of the stock were exchanged, compared to its average volume of 46,575. Firstsun Capital Bancorp has a 12-month low of $33.31 and a 12-month high of $44.37. The business's fifty day moving average is $39.72 and its two-hundred day moving average is $40.18. 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 (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Several large investors have recently bought and sold shares of FSUN. Wellington Management Group LLP acquired a new stake in Firstsun Capital Bancorp during the 3rd quarter worth $103,024,000. Public Employees Retirement System of Ohio purchased a new position in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $42,772,000. Stieven Capital Advisors L.P. acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at approximately $18,743,000. Fourthstone LLC acquired a new stake in shares of Firstsun Capital Bancorp during the third quarter worth $13,846,000. Finally, Geode Capital Management LLC purchased a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $3,066,000.

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.