Persistent Asset Partners Ltd Makes New Investment in FirstSun Capital Bancorp (NASDAQ:FSUN)

Key Points

• Persistent Asset Partners Ltd has initiated a new investment in FirstSun Capital Bancorp, purchasing 21,000 shares valued at approximately $759,000.
• FirstSun Capital Bancorp reported earnings of $0.93 per share for the last quarter, surpassing analysts' estimates of $0.91, with revenues also exceeding projections.
• The company has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $46.00.

Persistent Asset Partners Ltd bought a new position in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the company's stock, valued at approximately $759,000. Persistent Asset Partners Ltd owned approximately 0.08% of FirstSun Capital Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in shares of FirstSun Capital Bancorp by 165.3% during 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of FirstSun Capital Bancorp during the 1st quarter valued at $69,000. Bank of America Corp DE raised its holdings in shares of FirstSun Capital Bancorp by 4,306.6% during 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 in the last quarter. Two Sigma Advisers LP bought a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at $284,000. Finally, Barclays PLC bought a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at $336,000.

FirstSun Capital Bancorp Stock Performance

NASDAQ FSUN opened at $35.31 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $982.68 million and a price-to-earnings ratio of 11.28. The company's fifty day moving average is $36.00 and its two-hundred day moving average is $37.08. FirstSun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million for 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 9.34%. Equities research analysts forecast that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Stephens assumed coverage on shares of FirstSun Capital Bancorp in a report on Tuesday, May 6th. They set an "overweight" rating and a $44.00 price target on the stock. Wall Street Zen lowered shares of FirstSun Capital Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.