9,588 Shares in FirstSun Capital Bancorp $FSUN Bought by PDT Partners LLC

Key Points

• PDT Partners LLC has acquired 9,588 shares of FirstSun Capital Bancorp, valued at approximately $347,000, indicating growing institutional interest in the company.
• Following an upgrade from a "sell" to a "hold" rating by Wall Street Zen, FirstSun Capital Bancorp has an average analyst rating of "Buy" with a consensus price target of $46.00.
• FirstSun Capital Bancorp reported $0.93 EPS for the last quarter, outperforming analysts' expectations of $0.91, alongside revenue of $106.78 million.

PDT Partners LLC acquired a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,588 shares of the company's stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FSUN. Barclays PLC bought a new position in FirstSun Capital Bancorp during the 4th quarter worth approximately $336,000. Dimensional Fund Advisors LP bought a new position in FirstSun Capital Bancorp during the 4th quarter worth approximately $986,000. Tower Research Capital LLC TRC boosted its stake in FirstSun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after acquiring an additional 405 shares during the last quarter. Northern Trust Corp boosted its stake in FirstSun Capital Bancorp by 2.9% during the 4th quarter. Northern Trust Corp now owns 22,317 shares of the company's stock worth $894,000 after acquiring an additional 625 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in FirstSun Capital Bancorp by 4,306.6% during the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after acquiring an additional 3,919 shares during the last quarter.

FirstSun Capital Bancorp Stock Down 2.4%

Shares of NASDAQ FSUN traded down $0.93 during midday trading on Wednesday, reaching $37.51. The company's stock had a trading volume of 50,243 shares, compared to its average volume of 112,280. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.98 and a beta of 1.02. The stock has a 50 day simple moving average of $37.31 and a 200-day simple moving average of $36.46.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $106.78 million for the quarter, compared to the consensus estimate of $103.35 million. Equities research analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, FirstSun Capital Bancorp has an average rating of "Buy" and an average target price of $46.00.

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.