Firstsun Capital Bancorp (NASDAQ:FSUN) Issues Earnings Results

Firstsun Capital Bancorp (NASDAQ:FSUN) released its quarterly earnings data on Monday. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05, Zacks reports. Firstsun Capital Bancorp had a net margin of 15.46% and a return on equity of 8.79%.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN traded up $0.21 during mid-day trading on Monday, hitting $41.30. The company’s stock had a trading volume of 20,015 shares, compared to its average volume of 32,765. 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 fifty-two week low of $33.31 and a fifty-two week high of $44.37. The company has a 50-day moving average of $39.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSUN. Keefe, Bruyette & Woods started coverage on Firstsun Capital Bancorp in a research report on Tuesday, January 21st. They set an “outperform” rating and a $46.00 price objective for the company. Raymond James raised 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 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.