Mendon Capital Advisors Corp Has $5.07 Million Stock Position in FirstSun Capital Bancorp $FSUN

Key Points

• Mendon Capital Advisors Corp increased its stake in FirstSun Capital Bancorp by 197.7%, now holding 140,260 shares valued at approximately $5.07 million.
• Wall Street analysts upgraded FirstSun from a "sell" to a "hold" rating, while the stock currently has a consensus "Buy" rating and an average price target of $46.00.
• FirstSun Capital Bancorp reported a quarterly earnings per share (EPS) of $0.93, exceeding analyst expectations and contributing to a market capitalization of $1.07 billion.

Mendon Capital Advisors Corp increased its position in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 197.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,260 shares of the company's stock after purchasing an additional 93,145 shares during the quarter. FirstSun Capital Bancorp makes up 2.5% of Mendon Capital Advisors Corp's portfolio, making the stock its 16th biggest position. Mendon Capital Advisors Corp owned 0.50% of FirstSun Capital Bancorp worth $5,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position 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 purchasing an additional 36,813 shares during the period. Goldman Sachs Group Inc. boosted its holdings in FirstSun Capital Bancorp by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company's stock worth $3,701,000 after buying an additional 12,449 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 buying an additional 110,662 shares during the last quarter. Curi RMB Capital LLC bought a new position in FirstSun Capital Bancorp during the first quarter worth about $3,421,000. Finally, Alliancebernstein L.P. boosted its holdings in FirstSun Capital Bancorp by 38.5% during 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 Up 0.1%

NASDAQ FSUN traded up $0.04 during trading on Monday, hitting $37.82. The stock had a trading volume of 63,084 shares, compared to its average volume of 112,342. The company has a market capitalization of $1.05 billion, a PE ratio of 12.08 and a beta of 1.02. The company's 50-day moving average price is $37.35 and its two-hundred day moving average price is $36.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. FirstSun Capital Bancorp has a 12 month low of $31.70 and a 12 month high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (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 company had revenue of $106.78 million for the quarter, compared to analysts' expectations of $103.35 million. As a group, sell-side analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current 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, Based on data from MarketBeat.com, FirstSun Capital Bancorp has an average rating of "Buy" and a consensus 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.