Piper Sandler Initiates Coverage on Firstsun Capital Bancorp (NASDAQ:FSUN)

Equities researchers at Piper Sandler started coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a report issued on Friday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $51.00 price target on the stock. Piper Sandler’s target price suggests a potential upside of 23.40% from the stock’s previous close.

A number of other equities analysts have also recently commented on FSUN. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 target price (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Raymond James raised shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Tuesday, November 19th.

Firstsun Capital Bancorp Trading Down 0.4 %

FSUN stock opened at $41.33 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. Firstsun Capital Bancorp has a twelve month low of $33.31 and a twelve month high of $45.32. The company’s 50 day moving average is $40.39 and its two-hundred day moving average is $40.52.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results 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%. As a group, equities research analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Several institutional investors have recently bought and sold shares of FSUN. Charles Schwab Investment Management Inc. acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $2,816,000. Fourthstone LLC acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $873,000. State Street Corp acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $1,367,000. Finally, Wellington Management Group LLP acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $103,024,000.

About Firstsun Capital Bancorp

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.