94,640 Shares in FirstSun Capital Bancorp $FSUN Bought by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC has made a new investment in FirstSun Capital Bancorp, acquiring 94,640 shares valued at approximately $3.42 million during the first quarter.
• Multiple hedge funds, including Jacobs Asset Management LLC and Wellington Management Group LLP, have recently increased their stakes in FirstSun Capital Bancorp, reflecting growing institutional interest.
• FirstSun Capital Bancorp received a rating upgrade from "sell" to "hold" by Wall Street Zen, maintaining a consensus "Buy" rating with a target price of $46.00.

Curi RMB Capital LLC bought a new stake in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,640 shares of the company's stock, valued at approximately $3,421,000. Curi RMB Capital LLC owned 0.34% of FirstSun Capital Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in FirstSun Capital Bancorp by 165.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after acquiring an additional 405 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of FirstSun Capital Bancorp during the first quarter worth about $69,000. Bank of America Corp DE boosted its position in shares of FirstSun Capital Bancorp by 4,306.6% during 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 during the period. Two Sigma Advisers LP acquired a new position in FirstSun Capital Bancorp during the fourth quarter valued at approximately $284,000. Finally, Barclays PLC acquired a new position in FirstSun Capital Bancorp during the fourth quarter valued at approximately $336,000.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN traded down $0.84 during mid-day trading on Wednesday, reaching $37.59. The company's stock had a trading volume of 77,973 shares, compared to its average volume of 112,369. FirstSun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32. The stock has a market cap of $1.05 billion, a P/E ratio of 11.97 and a beta of 1.02. The business has a 50-day simple moving average of $37.31 and a two-hundred day simple moving average of $36.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. FirstSun Capital Bancorp had a return on equity of 9.24% and a net margin of 15.99%.The company had revenue of $106.78 million for the quarter, compared to analyst estimates of $103.35 million. As a group, equities research analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About FirstSun Capital Bancorp

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.