BlackRock Inc. purchased a new stake in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,894,135 shares of the company's stock, valued at approximately $73,455,000. BlackRock Inc. owned about 4.05% of FirstSun Capital Bancorp at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp in the third quarter valued at $41,000. Royal Bank of Canada raised its holdings in shares of FirstSun Capital Bancorp by 256.4% in the first quarter. Royal Bank of Canada now owns 1,276 shares of the company's stock worth $47,000 after acquiring an additional 918 shares during the last quarter. New York State Common Retirement Fund purchased a new position in FirstSun Capital Bancorp in the 2nd quarter valued at about $139,000. Quantbot Technologies LP boosted its stake in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company's stock worth $169,000 after purchasing an additional 4,071 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of FirstSun Capital Bancorp during the 4th quarter worth about $214,000.
FirstSun Capital Bancorp Price Performance
Shares of FirstSun Capital Bancorp stock opened at $40.07 on Monday. The business has a 50-day moving average price of $38.28 and a 200 day moving average price of $37.26. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The firm has a market cap of $1.87 billion, a P/E ratio of 20.34 and a beta of 0.31. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11.
FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The business had revenue of $184.14 million for the quarter. On average, sell-side analysts forecast that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Wall Street Zen raised FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Stephens cut their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Raymond James Financial restated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of FirstSun Capital Bancorp from a "buy (b-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.25.
Read Our Latest Research Report on FirstSun Capital Bancorp
FirstSun Capital Bancorp 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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