Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) have received a consensus target price of $43.33 from analysts following the company. This rating comes from five research firms currently covering the stock. Among these firms, one analyst has assigned a hold rating, while three have rated it as a buy and one has given it a strong buy rating.
Several recent analyst reports have highlighted varying perspectives on FirstSun Capital Bancorp. On January 27, Raymond James Financial reaffirmed an “outperform” rating on the stock. Meanwhile, on December 17, Keefe, Bruyette & Woods increased their price target from $42.00 to $44.00, maintaining an “outperform” designation. On January 28, Zacks Research upgraded the stock from a “hold” to a “strong buy” rating. In contrast, Weiss Ratings issued a “hold (c+)” rating on December 29, while Piper Sandler set a price target of $42.00 on November 3.
Recent Earnings Performance
FirstSun Capital Bancorp recently reported its quarterly earnings on January 26, 2024. The company posted an earnings per share (EPS) of $0.95, surpassing analysts’ consensus estimates of $0.86 by $0.09. The firm generated revenue of $110.21 million for the quarter, exceeding predictions of $108.20 million. The company’s return on equity stood at 9.12%, with a net margin of 17.19%. Analysts anticipate that FirstSun Capital Bancorp will achieve an average of $3.60 in earnings per share for the current year.
Institutional Trading Activity
Recent activity among institutional investors further illustrates the interest in FirstSun Capital Bancorp. Notably, Russell Investments Group Ltd. acquired a new position during the third quarter, valued at approximately $41,000. Similarly, Ameritas Investment Partners Inc. invested about $45,000 in the second quarter. The Police & Firemen’s Retirement System of New Jersey also purchased a position valued at around $97,000. In a significant move, Quantbot Technologies LP increased its position by 508.9% during the second quarter, now holding 4,871 shares valued at $169,000.
Founded on November 9, 1981, and headquartered in Denver, CO, FirstSun Capital Bancorp specializes in providing commercial banking services. The company operates through several segments, including Banking, Mortgage Operations, and Corporate. Its Banking segment offers loans and provides fee-based services to consumers and businesses, while the Mortgage Operations segment handles residential mortgage loans.
In conclusion, FirstSun Capital Bancorp continues to attract attention from analysts and institutional investors alike, with its earnings exceeding expectations and a robust target price set by analysts.
