Key Points
- Director purchase: FirstSun Capital Bancorp Director Peter Murphy bought 1,500 shares on March 16 at an average price of $35.28, a $52,920 transaction that leaves him directly owning those 1,500 shares.
- Recent results: The company beat Q4 estimates with EPS of $0.95 vs. $0.86 and revenue of $110.18M, showing a 17.19% net margin and 9.0% ROE.
- Market and analyst view: FSUN trades near $34.92 with a market cap of ~$975M and a P/E of 10.1, and analysts have an average "Buy" rating with a mean price target of $43.33.
FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) Director Peter Murphy acquired 1,500 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of $35.28 per share, with a total value of $52,920.00. Following the acquisition, the director directly owned 1,500 shares of the company's stock, valued at $52,920. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
FirstSun Capital Bancorp Stock Performance
FSUN stock traded up $0.17 during mid-day trading on Thursday, hitting $34.92. The company had a trading volume of 6,136 shares, compared to its average volume of 151,926. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $974.99 million, a PE ratio of 10.07 and a beta of 0.89. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The stock's fifty day moving average price is $38.21 and its two-hundred day moving average price is $37.45.
FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The firm had revenue of $110.18 million during the quarter, compared to the consensus estimate of $108.20 million. On average, analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in FirstSun Capital Bancorp during the 3rd quarter valued at $41,000. Ameritas Investment Partners Inc. bought a new position in shares of FirstSun Capital Bancorp in the second quarter worth $45,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of FirstSun Capital Bancorp in the second quarter worth $97,000. New York State Common Retirement Fund purchased a new position in shares of FirstSun Capital Bancorp in the second quarter valued at $139,000. Finally, Quantbot Technologies LP grew its position in shares of FirstSun Capital Bancorp by 508.9% in the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company's stock valued at $169,000 after purchasing an additional 4,071 shares in the last quarter.
Analysts Set New Price Targets
A number of research firms have issued reports on FSUN. Raymond James Financial reissued an "outperform" rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Zacks Research upgraded FirstSun Capital Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $43.33.
Get Our Latest Report on FirstSun Capital Bancorp
FirstSun Capital Bancorp Company Profile
(
Get Free Report)
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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.
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