Bank of America Corp DE increased its stake in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 59.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,637 shares of the company's stock after purchasing an additional 36,964 shares during the quarter. Bank of America Corp DE owned about 0.21% of FirstSun Capital Bancorp worth $3,633,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its position in shares of FirstSun Capital Bancorp by 110.3% during the first quarter. Swiss National Bank now owns 51,100 shares of the company's stock valued at $1,863,000 after buying an additional 26,800 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of FirstSun Capital Bancorp by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company's stock valued at $14,523,000 after acquiring an additional 114,339 shares during the period. Quantinno Capital Management LP bought a new position in shares of FirstSun Capital Bancorp in the first quarter valued at approximately $1,017,000. Hsbc Holdings PLC purchased a new position in FirstSun Capital Bancorp during the fourth quarter valued at approximately $681,000. Finally, Assenagon Asset Management S.A. grew its stake in FirstSun Capital Bancorp by 169.0% during the first quarter. Assenagon Asset Management S.A. now owns 88,518 shares of the company's stock valued at $3,227,000 after acquiring an additional 55,615 shares in the last quarter.
FirstSun Capital Bancorp Stock Down 0.1%
FSUN opened at $40.07 on Friday. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The business's 50-day moving average price is $38.28 and its 200-day moving average price is $37.28. The company has a market cap of $1.87 billion, a P/E ratio of 20.34 and a beta of 0.31.
FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.28. The company had revenue of $184.14 million during the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. On average, equities analysts expect that FirstSun Capital Bancorp will post 3.34 EPS for the current year.
Analysts Set New Price Targets
FSUN has been the subject of several recent analyst reports. Raymond James Financial restated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Wall Street Zen raised FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Piper Sandler lifted their price target on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Stephens cut their price objective on FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Finally, Zacks Research raised FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.25.
Get Our Latest Analysis on FSUN
FirstSun Capital Bancorp Company Profile
(
Free Report)
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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.
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