FirstSun Capital Bancorp $FSUN Shares Purchased by Bridgeway Capital Management LLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC increased 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 purchasing an additional 405 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in FirstSun Capital Bancorp in the 1st quarter valued at about $69,000. Bank of America Corp DE increased its stake in shares of FirstSun Capital Bancorp by 4,306.6% during the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock valued at $161,000 after acquiring an additional 3,919 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at about $284,000. Finally, Barclays PLC purchased a new position in shares of FirstSun Capital Bancorp during the 4th quarter worth about $336,000.

FirstSun Capital Bancorp Trading Up 2.2%

NASDAQ FSUN traded up $0.82 during mid-day trading on Thursday, hitting $38.49. The company's stock had a trading volume of 95,731 shares, compared to its average volume of 165,761. The firm has a market capitalization of $1.07 billion, a P/E ratio of 12.30 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. The stock's fifty day simple moving average is $37.35 and its two-hundred day simple moving average is $36.45.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million for the quarter, compared to analyst estimates of $103.35 million. FirstSun Capital Bancorp had a return on equity of 9.24% and a net margin of 15.99%. Research analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $46.00.

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.