Alliancebernstein L.P. Purchases 116,126 Shares of FirstSun Capital Bancorp $FSUN

Key Points

• Alliancebernstein L.P. increased its holdings in FirstSun Capital Bancorp by 38.5%, now owning 1.50% of the company, valued at approximately $15.09 million.
• FirstSun Capital Bancorp reported $0.93 earnings per share, exceeding expectations, with a revenue of $106.78 million for the last quarter.
• Analysts upgraded FirstSun Capital Bancorp from a "sell" to a "hold" rating, with a consensus average target price of $46.00.

Alliancebernstein L.P. increased its holdings in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,477 shares of the company's stock after purchasing an additional 116,126 shares during the period. Alliancebernstein L.P. owned 1.50% of FirstSun Capital Bancorp worth $15,092,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FSUN. Tower Research Capital LLC TRC lifted its holdings in FirstSun Capital Bancorp by 165.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after purchasing an additional 405 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in FirstSun Capital Bancorp in the 1st quarter worth approximately $69,000. Bank of America Corp DE raised its holdings in shares of 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 in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of FirstSun Capital Bancorp during the 4th quarter worth approximately $284,000. Finally, PDT Partners LLC purchased a new stake in shares of FirstSun Capital Bancorp during the 1st quarter worth approximately $347,000.

Analysts Set New Price Targets

Separately, Wall Street Zen raised FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, FirstSun Capital Bancorp has a consensus rating of "Buy" and a consensus target price of $46.00.

FirstSun Capital Bancorp Trading Up 2.0%

FirstSun Capital Bancorp stock traded up $0.74 during mid-day trading on Wednesday, hitting $37.92. The company's stock had a trading volume of 120,525 shares, compared to its average volume of 162,635. The company has a 50 day moving average of $37.35 and a 200-day moving average of $36.38. The stock has a market cap of $1.06 billion, a PE ratio of 12.12 and a beta of 1.02. 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 has a one year low of $31.70 and a one year high of $45.32.

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

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.