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21,000 Shares in FirstSun Capital Bancorp (NASDAQ:FSUN) Bought by Persistent Asset Partners Ltd

FirstSun Capital Bancorp logo with Finance background

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.
  • MarketBeat previews top five stocks to own in October.

Persistent Asset Partners Ltd bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,000 shares of the company's stock, valued at approximately $759,000. Persistent Asset Partners Ltd owned 0.08% of FirstSun Capital Bancorp as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Swiss National Bank bought a new position in shares of FirstSun Capital Bancorp during the 1st quarter worth about $680,000. Vanguard Group Inc. increased its stake in FirstSun Capital Bancorp by 2.7% in the first quarter. Vanguard Group Inc. now owns 548,767 shares of the company's stock valued at $19,838,000 after acquiring an additional 14,574 shares during the period. KLP Kapitalforvaltning AS bought a new stake in FirstSun Capital Bancorp in the first quarter valued at about $69,000. Salzhauer Michael increased its stake in FirstSun Capital Bancorp by 12.4% in the first quarter. Salzhauer Michael now owns 56,804 shares of the company's stock valued at $2,053,000 after acquiring an additional 6,279 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in FirstSun Capital Bancorp in the fourth quarter valued at about $284,000.

Analyst Ratings Changes

FSUN has been the topic of a number of analyst reports. Stephens began coverage on shares of FirstSun Capital Bancorp in a research note on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 target price on the stock. Wall Street Zen lowered shares of FirstSun Capital Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Check Out Our Latest Analysis on FSUN

FirstSun Capital Bancorp Price Performance

Shares of FSUN stock traded up $0.09 during trading hours on Friday, reaching $36.40. 149,758 shares of the company were exchanged, compared to its average volume of 116,786. The stock's fifty day moving average is $36.13 and its two-hundred day moving average is $37.01. FirstSun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32. The company has a market cap of $1.01 billion and a price-to-earnings ratio of 11.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00.

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, beating analysts' consensus estimates of $0.91 by $0.02. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. The firm had revenue of $106.78 million for the quarter, compared to analysts' expectations of $103.35 million. Sell-side analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

FirstSun Capital Bancorp Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FirstSun Capital Bancorp (NASDAQ:FSUN)

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