BUZZ-FirstSun Capital Bancorp gets 'overweight' rating as Stephens starts coverage

Reuters

06 May

BUZZ-<a href="https://laohu8.com/S/FSUN">FirstSun Capital Bancorp</a> gets 'overweight' rating as Stephens starts coverage

** Stephens initiates coverage of regional lender FirstSun Capital Bancorp FSUN.O with "overweight" rating and $44 PT

** Says FSUN is still relatively less known among institutional investment community despite its recent Nasdaq uplisting

** Brokerage expects FSUN to get added to the Russell 2000 index this year, driving higher trading volumes and providing an attractive entry point for investors

** Stephens believes FSUN's loan growth levels will exceed peers in 2025 and 2026 given recent investments to boost the bank's commercial and industrial (C&I) loan portfolio

** All four brokerages covering the stock rate "buy" or higher; median PT $44 - data compiled by LSEG

** As of last close, FSUN stock was down 11.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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median PT $44 - data compiled by LSEG** As of last close, FSUN stock was down 11.4% YTD(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}