Goldman Sachs Group Inc. Boosts Stock Position in FirstSun Capital Bancorp $FSUN

Key Points

• Goldman Sachs Group Inc. increased its stake in FirstSun Capital Bancorp by 13.8% in Q1, holding about 0.37% of the company valued at $3.70 million.
• FirstSun Capital Bancorp reported Q2 earnings of $0.93 per share, surpassing analysts' expectations of $0.91, with revenues of $106.78 million.
• Wall Street analysts have upgraded FirstSun Capital Bancorp from a "sell" to a "hold" rating, with a consensus price target of $46.00 and a majority rating the stock as a "Buy".

Goldman Sachs Group Inc. raised its holdings in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,390 shares of the company's stock after purchasing an additional 12,449 shares during the quarter. Goldman Sachs Group Inc. owned 0.37% of FirstSun Capital Bancorp worth $3,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSUN. Mendon Capital Advisors Corp grew its stake in FirstSun Capital Bancorp by 197.7% in the first quarter. Mendon Capital Advisors Corp now owns 140,260 shares of the company's stock valued at $5,070,000 after purchasing an additional 93,145 shares during the last quarter. Empowered Funds LLC boosted its holdings in FirstSun Capital Bancorp by 103.1% in the first quarter. Empowered Funds LLC now owns 72,528 shares of the company's stock worth $2,622,000 after acquiring an additional 36,813 shares in the last quarter. Millennium Management LLC grew its stake in shares of FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company's stock worth $6,002,000 after acquiring an additional 110,662 shares during the last quarter. Curi RMB Capital LLC purchased a new position in shares of FirstSun Capital Bancorp in the 1st quarter valued at approximately $3,421,000. Finally, Alliancebernstein L.P. raised its holdings in shares of FirstSun Capital Bancorp by 38.5% in the first quarter. Alliancebernstein L.P. now owns 417,477 shares of the company's stock worth $15,092,000 after buying an additional 116,126 shares during the last quarter.

FirstSun Capital Bancorp Stock Down 1.6%

FSUN traded down $0.63 during trading on Monday, hitting $39.04. 11,207 shares of the company's stock traded hands, compared to its average volume of 115,420. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.48 and a beta of 1.01. The company's 50 day simple moving average is $37.43 and its two-hundred day simple moving average is $36.35.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. The firm had revenue of $106.78 million during the quarter, compared to analyst estimates of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. Analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price 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.