Assenagon Asset Management S.A. Takes Position in FirstSun Capital Bancorp $FSUN

Key Points

• Assenagon Asset Management S.A. acquired 83,741 shares of FirstSun Capital Bancorp, valued at approximately $2.9 million, representing 0.30% ownership as of its latest 13F filing.
• FirstSun Capital Bancorp reported earnings per share of $0.93 for the last quarter, surpassing estimates, with revenue also exceeding expectations at $106.78 million.
• The stock currently holds a consensus rating of "Buy" from analysts, with a target price of $46.00, indicating expected growth potential for investors.

Assenagon Asset Management S.A. purchased a new stake in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,741 shares of the company's stock, valued at approximately $2,910,000. Assenagon Asset Management S.A. owned 0.30% of FirstSun Capital Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 boosted its stake in FirstSun Capital Bancorp by 4,306.6% in the fourth 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 in the last quarter. Two Sigma Advisers LP bought a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at $284,000. PDT Partners LLC purchased a new stake in FirstSun Capital Bancorp during the 1st quarter valued at about $347,000. Finally, American Century Companies Inc. purchased a new position in shares of FirstSun Capital Bancorp in the first quarter valued at about $580,000.

FirstSun Capital Bancorp Stock Up 0.2%

FSUN stock opened at $39.71 on Friday. FirstSun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 12.69 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. The business's 50-day moving average is $37.55 and its two-hundred day moving average is $36.41.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $103.35 million. As a group, analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus 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.

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