American Century Companies Inc. Invests $580,000 in FirstSun Capital Bancorp $FSUN

Key Points

• American Century Companies Inc. has recently acquired 16,039 shares of FirstSun Capital Bancorp, valued at approximately $580,000, representing a 0.06% ownership stake.
• FirstSun Capital Bancorp reported a net margin of 15.99% and an EPS of $0.93 for the last quarter, exceeding analysts' expectations of $0.91.
• Wall Street analysts have upgraded FirstSun Capital Bancorp's stock rating from "sell" to "hold," with a consensus target price of $46.00.

American Century Companies Inc. acquired a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,039 shares of the company's stock, valued at approximately $580,000. American Century Companies Inc. owned about 0.06% of FirstSun Capital Bancorp at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FSUN. Tower Research Capital LLC TRC lifted its stake in shares of FirstSun Capital Bancorp by 165.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after purchasing an additional 405 shares during the last quarter. Northern Trust Corp increased its holdings in shares of FirstSun Capital Bancorp by 2.9% in the fourth quarter. Northern Trust Corp now owns 22,317 shares of the company's stock valued at $894,000 after purchasing an additional 625 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in FirstSun Capital Bancorp in the first quarter valued at approximately $69,000. Bank of America Corp DE increased its holdings in FirstSun Capital Bancorp by 4,306.6% in the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after buying an additional 3,919 shares during the period. Finally, Salzhauer Michael lifted its stake in FirstSun Capital Bancorp by 12.4% during the 1st quarter. Salzhauer Michael now owns 56,804 shares of the company's stock valued at $2,053,000 after acquiring an additional 6,279 shares during the period.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $46.00.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock traded down $1.01 during midday trading on Wednesday, hitting $37.42. The company had a trading volume of 104,389 shares, compared to its average volume of 112,618. The company's 50 day simple moving average is $37.31 and its 200 day simple moving average is $36.46. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 12.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. FirstSun Capital Bancorp had a return on equity of 9.24% and a net margin of 15.99%.The company had revenue of $106.78 million during the quarter, compared to the consensus estimate of $103.35 million. Research analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

FirstSun Capital Bancorp 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.