American Century Companies Inc. Purchases Shares of 16,039 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 FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,039 shares of the company's stock, valued at approximately $580,000. American Century Companies Inc. owned approximately 0.06% of FirstSun Capital Bancorp as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of FirstSun Capital Bancorp by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 548,767 shares of the company's stock valued at $19,838,000 after buying an additional 14,574 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in FirstSun Capital Bancorp in the 4th quarter worth $986,000. Swiss National Bank acquired a new position in FirstSun Capital Bancorp in the 1st quarter worth $680,000. Millennium Management LLC boosted its stake in FirstSun Capital Bancorp by 223.9% in the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company's stock worth $2,218,000 after purchasing an additional 38,276 shares during the period. Finally, Barclays PLC acquired a new position in FirstSun Capital Bancorp in the 4th quarter worth $336,000.

Analysts Set New Price Targets

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

FirstSun Capital Bancorp Stock Performance

NASDAQ:FSUN traded up $0.82 during mid-day trading on Thursday, hitting $38.49. The stock had a trading volume of 95,731 shares, compared to its average volume of 165,761. FirstSun Capital Bancorp has a twelve month low of $31.70 and a twelve month high of $45.32. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 12.30 and a beta of 1.02. The company's 50 day simple moving average is $37.35 and its 200 day simple moving average is $36.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01.

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