Empowered Funds LLC Takes Position in FirstSun Capital Bancorp $FSUN

Key Points

• Empowered Funds LLC acquired 124,995 shares of FirstSun Capital Bancorp in the second quarter, valued at approximately $4.85 million and representing about 0.27% of the company.
• Analyst sentiment is generally positive: FSUN has a “Moderate Buy” consensus rating and an average price target of $45.25, with recent upgrades from Zacks Research and Wall Street Zen.
• FirstSun reported quarterly earnings of $0.45 per share, beating the $0.17 consensus estimate, on revenue of $184.14 million. Shares opened at $40.01, near their 52-week high of $42.34.

Empowered Funds LLC acquired a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 124,995 shares of the company's stock, valued at approximately $4,847,000. Empowered Funds LLC owned approximately 0.27% of FirstSun Capital Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSUN. Swiss National Bank raised its holdings in shares of FirstSun Capital Bancorp by 110.3% during the 1st quarter. Swiss National Bank now owns 51,100 shares of the company's stock worth $1,863,000 after acquiring an additional 26,800 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 114,339 shares during the period. Bank of America Corp DE grew its holdings in shares of FirstSun Capital Bancorp by 59.0% in the first quarter. Bank of America Corp DE now owns 99,637 shares of the company's stock valued at $3,633,000 after purchasing an additional 36,964 shares during the period. Quantinno Capital Management LP acquired a new stake in FirstSun Capital Bancorp during the first quarter worth about $1,017,000. Finally, Punch & Associates Investment Management Inc. purchased a new position in FirstSun Capital Bancorp during the second quarter worth about $2,495,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Zacks Research upgraded shares of FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Keefe, Bruyette & Woods upped their price objective on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Stephens cut their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. One research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.25.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $40.01 on Tuesday. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $42.34. The firm's 50 day moving average price is $38.36 and its 200-day moving average price is $37.27. The firm has a market cap of $1.86 billion, a P/E ratio of 20.31 and a beta of 0.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter. As a group, equities research analysts predict that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

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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