Mendon Capital Advisors Corp Increases Stock Holdings 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 boosted its position in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 197.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,260 shares of the company's stock after purchasing an additional 93,145 shares during the quarter. FirstSun Capital Bancorp comprises approximately 2.5% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 16th largest position. Mendon Capital Advisors Corp owned about 0.50% of FirstSun Capital Bancorp worth $5,070,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in FirstSun Capital Bancorp by 165.3% in the 4th 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 acquired a new position in FirstSun Capital Bancorp in the 1st quarter valued at $69,000. Bank of America Corp DE raised its stake in FirstSun Capital Bancorp by 4,306.6% in the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock valued at $161,000 after purchasing an additional 3,919 shares during the last quarter. Two Sigma Advisers LP acquired a new position in FirstSun Capital Bancorp in the 4th quarter valued at $284,000. Finally, PDT Partners LLC acquired a new position in FirstSun Capital Bancorp in the 1st quarter valued at $347,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $46.00.

FirstSun Capital Bancorp Stock Down 0.4%

Shares of FSUN opened at $38.43 on Wednesday. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. The company has a market capitalization of $1.07 billion, a PE ratio of 12.28 and a beta of 1.02. The stock has a fifty day simple moving average of $37.31 and a two-hundred day simple moving average of $36.46. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results 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 business had revenue of $106.78 million during the quarter, compared to the consensus estimate of $103.35 million. As a group, equities analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current 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.

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