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

Investment analysts at Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $51.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 22.89% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Raymond James upgraded Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated 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.

Firstsun Capital Bancorp Trading Down 1.0 %

NASDAQ:FSUN opened at $41.50 on Friday. 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 has a 1 year low of $33.31 and a 1 year high of $45.32. The stock’s 50 day simple moving average is $40.42 and its two-hundred day simple moving average is $40.53.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, January 27th. The company reported $0.86 earnings per share 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%. As a group, analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $284,000. Two Sigma Investments LP acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $1,526,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth about $641,000. Millennium Management LLC boosted its stake in shares of Firstsun Capital Bancorp by 223.9% in the fourth quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock worth $2,218,000 after buying an additional 38,276 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth about $514,000.

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.