Bridgeway Capital Management LLC Grows Position in FirstSun Capital Bancorp $FSUN

Key Points

• Bridgeway Capital Management LLC increased its holdings in FirstSun Capital Bancorp by 80.5%, owning a total of 82,528 shares valued at approximately $2.98 million.
• Wall Street Zen upgraded FirstSun Capital Bancorp's rating from "sell" to "hold", with a consensus rating of "Buy" and an average target price of $46.00.
• FirstSun Capital Bancorp reported quarterly earnings of $0.93 per share, exceeding analysts' estimates and generating revenue of $106.78 million.

Bridgeway Capital Management LLC lifted its holdings in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 80.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,528 shares of the company's stock after acquiring an additional 36,813 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.30% of FirstSun Capital Bancorp worth $2,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings 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 worth $26,000 after purchasing an additional 405 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in FirstSun Capital Bancorp in the first quarter worth $69,000. Bank of America Corp DE raised its holdings in FirstSun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after purchasing an additional 3,919 shares in the last quarter. Two Sigma Advisers LP bought a new position in FirstSun Capital Bancorp in the fourth quarter worth $284,000. Finally, Barclays PLC bought a new position in FirstSun Capital Bancorp in the fourth quarter worth $336,000.

FirstSun Capital Bancorp Stock Down 1.2%

Shares of NASDAQ FSUN traded down $0.48 during trading on Wednesday, reaching $37.95. The company had a trading volume of 134,296 shares, compared to its average volume of 112,757. FirstSun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32. The stock has a market cap of $1.06 billion, a PE ratio of 12.06 and a beta of 1.02. The business's 50-day moving average is $37.31 and its 200 day moving average is $36.46. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.93 EPS 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 firm had revenue of $106.78 million for the quarter, compared to analysts' expectations of $103.35 million. As a group, equities analysts forecast 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 upgraded FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, FirstSun Capital Bancorp currently has an average rating of "Buy" and an average price target of $46.00.

FirstSun Capital Bancorp Company 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.