ELCO Management Co. LLC Cuts Holdings in FirstSun Capital Bancorp (NASDAQ:FSUN)

ELCO Management Co. LLC reduced its holdings in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company's stock after selling 6,855 shares during the quarter. ELCO Management Co. LLC owned 0.07% of FirstSun Capital Bancorp worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSUN. Wellington Management Group LLP raised its stake in shares of FirstSun Capital Bancorp by 8.6% in the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company's stock worth $105,178,000 after buying an additional 207,774 shares during the period. Vanguard Group Inc. grew its position in shares of FirstSun Capital Bancorp by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 534,193 shares of the company's stock worth $21,394,000 after purchasing an additional 57,058 shares in the last quarter. Marshall Wace LLP grew its position in shares of FirstSun Capital Bancorp by 1,721.6% during the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company's stock worth $5,011,000 after purchasing an additional 118,242 shares in the last quarter. Geode Capital Management LLC grew its holdings in FirstSun Capital Bancorp by 60.7% during the 4th quarter. Geode Capital Management LLC now owns 115,577 shares of the company's stock valued at $4,631,000 after buying an additional 43,655 shares in the last quarter. Finally, Rhino Investment Partners Inc purchased a new position in FirstSun Capital Bancorp during the 4th quarter valued at approximately $3,177,000.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN traded up $0.05 during mid-day trading on Monday, reaching $37.48. The company had a trading volume of 15,028 shares, compared to its average volume of 77,443. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.04 billion and a P/E ratio of 12.16. The stock has a 50 day moving average of $35.63 and a two-hundred day moving average of $37.42.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. FirstSun Capital Bancorp had a return on equity of 9.34% and a net margin of 15.84%. The company had revenue of $97.40 million for the quarter, compared to analyst estimates of $99.11 million. On average, analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FSUN shares. Stephens started coverage on FirstSun Capital Bancorp in a report on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 target price for the company. Wall Street Zen cut FirstSun Capital Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Insider Buying and Selling

In other news, Director John Fleshood purchased 2,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $35.38 per share, with a total value of $70,760.00. Following the completion of the purchase, the director directly owned 2,050 shares of the company's stock, valued at approximately $72,529. The trade was a 4,000.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 12.52% of the company's stock.

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.