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

Piper Sandler began coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $51.00 price target on the stock. Piper Sandler’s target price points to a potential upside of 22.89% from the company’s previous close.

FSUN has been the subject of several other research reports. Raymond James raised Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 target price (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Firstsun Capital Bancorp Trading Down 1.0 %

NASDAQ FSUN opened at $41.50 on Friday. The stock’s 50 day simple moving average is $40.42 and its 200-day simple moving average is $40.53. Firstsun Capital Bancorp has a 1-year low of $33.31 and a 1-year high of $45.32. 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 posted its quarterly earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Research analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Institutional Trading of Firstsun Capital Bancorp

A number of institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new stake in Firstsun Capital Bancorp during the 4th quarter worth about $284,000. Two Sigma Investments LP acquired a new stake in shares of Firstsun Capital Bancorp during the fourth quarter worth about $1,526,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Firstsun Capital Bancorp during the fourth quarter worth about $641,000. Millennium Management LLC increased its position in Firstsun Capital Bancorp by 223.9% in the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock valued at $2,218,000 after acquiring an additional 38,276 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Firstsun Capital Bancorp in the 4th quarter valued at about $514,000.

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.