Alliancebernstein L.P. Grows Stock Holdings in 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. lifted its position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 38.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 hedge funds also recently bought and sold shares of FSUN. Vanguard Group Inc. raised its position in FirstSun Capital Bancorp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 548,767 shares of the company's stock valued at $19,838,000 after purchasing an additional 14,574 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in FirstSun Capital Bancorp in the fourth quarter worth $986,000. Swiss National Bank bought a new position in shares of FirstSun Capital Bancorp in the 1st quarter worth about $680,000. Millennium Management LLC boosted its stake in FirstSun Capital Bancorp by 223.9% during the fourth quarter. Millennium Management LLC now owns 55,369 shares of the company's stock worth $2,218,000 after acquiring an additional 38,276 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in FirstSun Capital Bancorp in the fourth quarter worth about $514,000.

FirstSun Capital Bancorp Stock Up 2.2%

Shares of FirstSun Capital Bancorp stock opened at $38.49 on Friday. The company has a 50-day simple moving average of $37.35 and a two-hundred day simple moving average of $36.45. The stock has a market capitalization of $1.07 billion, a PE ratio of 12.30 and a beta of 1.02. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. 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 announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million during the quarter, compared to the consensus estimate of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. On average, analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.

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