Legal & General Group Plc Purchases Shares of 29,309 FirstSun Capital Bancorp $FSUN

Legal & General Group Plc bought a new position in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,309 shares of the company's stock, valued at approximately $1,135,000. Legal & General Group Plc owned about 0.06% of FirstSun Capital Bancorp at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in FirstSun Capital Bancorp in the second quarter valued at approximately $73,455,000. Wellington Management Group LLP raised its position in FirstSun Capital Bancorp by 7.0% during the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company's stock valued at $108,403,000 after purchasing an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in FirstSun Capital Bancorp during the 3rd quarter valued at approximately $6,697,000. Dimensional Fund Advisors LP lifted its holdings in FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company's stock worth $14,523,000 after buying an additional 114,339 shares during the period. Finally, Millennium Management LLC lifted its holdings in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company's stock worth $6,002,000 after buying an additional 110,662 shares during the period.

Wall Street Analysts Forecast Growth

FSUN has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Weiss Ratings downgraded FirstSun Capital Bancorp from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Wall Street Zen raised FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods lifted their price target on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Stephens dropped their target price on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an "overweight" rating for the company in a research report 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $45.25.

FirstSun Capital Bancorp Price Performance

Shares of FSUN stock opened at $40.92 on Tuesday. The business's fifty day moving average is $38.61 and its 200 day moving average is $37.31. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 20.77 and a beta of 0.32. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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. Research analysts expect that FirstSun Capital Bancorp will post 3.34 EPS for the current fiscal year.

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. 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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