Keefe, Bruyette & Woods Reiterates Outperform Rating for Firstsun Capital Bancorp (NASDAQ:FSUN)

Firstsun Capital Bancorp (NASDAQ:FSUN)‘s stock had its “outperform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $47.00 target price on the stock, up from their previous target price of $46.00. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.66% from the stock’s current price.

Separately, Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

Shares of FSUN stock opened at $40.99 on Monday. The firm has a fifty day simple moving average of $39.83 and a 200-day simple moving average of $40.24. Firstsun Capital Bancorp has a twelve month low of $33.31 and a twelve month high of $44.37. 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 data on Monday, January 27th. The company reported $0.86 earnings per share 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%. Equities analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Firstsun Capital Bancorp in the third quarter worth $873,000. State Street Corp acquired a new stake in Firstsun Capital Bancorp in the third quarter worth approximately $1,367,000. Empowered Funds LLC acquired a new stake in Firstsun Capital Bancorp in the fourth quarter worth approximately $1,430,000. Salzhauer Michael bought a new stake in shares of Firstsun Capital Bancorp in the 4th quarter worth $2,024,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Firstsun Capital Bancorp during the third quarter valued at about $2,816,000.

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.