Jacobs Asset Management LLC Invests $5.42 Million in FirstSun Capital Bancorp $FSUN

Key Points

• Jacobs Asset Management LLC invested approximately $5.42 million in FirstSun Capital Bancorp, acquiring 150,000 shares, which represents 3.4% of Jacobs' investment portfolio.
• Several institutional investors also made new stakes in FirstSun, including Millennium Management LLC and Dimensional Fund Advisors LP, with total investments nearing $5 million.
• Despite a recent positive earnings report, Wall Street analysts have mixed opinions, with ratings ranging from "buy" to "sell", reflecting differing expectations for FirstSun's future performance.

Jacobs Asset Management LLC bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the company's stock, valued at approximately $5,422,000. FirstSun Capital Bancorp makes up 3.4% of Jacobs Asset Management LLC's portfolio, making the stock its 14th biggest position. Jacobs Asset Management LLC owned approximately 0.54% of FirstSun Capital Bancorp at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in FirstSun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after acquiring an additional 405 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in FirstSun Capital Bancorp during the first quarter valued at approximately $69,000. Bank of America Corp DE raised its position in FirstSun Capital Bancorp by 4,306.6% during the fourth 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 in the last quarter. Two Sigma Advisers LP bought a new position in FirstSun Capital Bancorp during the fourth quarter valued at approximately $284,000. Finally, Barclays PLC bought a new position in FirstSun Capital Bancorp during the fourth quarter valued at approximately $336,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FSUN. Wall Street Zen raised shares of FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. Stephens assumed coverage on shares of FirstSun Capital Bancorp in a research report on Tuesday, May 6th. They set an "overweight" rating and a $44.00 price objective on the stock. Four research 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 Stock Performance

FSUN traded down $0.01 on Friday, hitting $38.01. The company had a trading volume of 126,970 shares, compared to its average volume of 160,403. The company's fifty day moving average price is $36.78 and its 200 day moving average price is $36.64. FirstSun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $1.06 billion and a price-to-earnings ratio of 12.14.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $103.35 million. Equities analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal 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.