Dimensional Fund Advisors LP Acquires 114,339 Shares of FirstSun Capital Bancorp $FSUN

Key Points

• Dimensional Fund Advisors increased its FirstSun Capital Bancorp stake by 40.3% in the first quarter, adding 114,339 shares to own 398,362 shares valued at approximately $14.5 million, or 1.43% of the company.
• FirstSun reported quarterly earnings of $0.45 per share, exceeding analysts’ $0.17 consensus estimate, on revenue of $184.14 million. Analysts expect full-year EPS of $3.34.
• Wall Street maintains a favorable view, with the stock carrying an average “Buy” rating and a $45.25 consensus price target, compared with its recent price of $39.68.

Dimensional Fund Advisors LP raised its holdings in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 40.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 398,362 shares of the company's stock after acquiring an additional 114,339 shares during the period. Dimensional Fund Advisors LP owned about 1.43% of FirstSun Capital Bancorp worth $14,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of FirstSun Capital Bancorp during the third quarter worth about $41,000. New York State Common Retirement Fund acquired a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $139,000. Quantbot Technologies LP increased its stake in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in FirstSun Capital Bancorp during the 4th quarter worth approximately $214,000. Finally, Squarepoint Ops LLC acquired a new stake in FirstSun Capital Bancorp during the 4th quarter worth approximately $216,000.

FirstSun Capital Bancorp Price Performance

NASDAQ FSUN opened at $39.68 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The company has a market capitalization of $1.85 billion, a PE ratio of 20.14 and a beta of 0.31. The firm's 50 day moving average is $36.92 and its 200-day moving average is $37.17.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 8.23%. The business had revenue of $184.14 million for the quarter. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FSUN shares. Stephens lowered their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen upgraded FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. 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 note on Monday, August 3rd. Finally, Zacks Research upgraded FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, FirstSun Capital Bancorp currently has an average rating of "Buy" and an average price target of $45.25.

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. 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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