Punch & Associates Investment Management Inc. bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 64,332 shares of the company's stock, valued at approximately $2,495,000. Punch & Associates Investment Management Inc. owned approximately 0.14% of FirstSun Capital Bancorp as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of FirstSun Capital Bancorp by 3.1% during the second quarter. Bank of America Corp DE now owns 15,734 shares of the company's stock valued at $547,000 after buying an additional 479 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in FirstSun Capital Bancorp by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company's stock worth $273,000 after acquiring an additional 558 shares during the period. California State Teachers Retirement System lifted its stake in FirstSun Capital Bancorp by 9.4% in the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company's stock worth $318,000 after acquiring an additional 786 shares during the period. Royal Bank of Canada grew its holdings in FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company's stock worth $47,000 after acquiring an additional 918 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in FirstSun Capital Bancorp during the 3rd quarter worth about $41,000.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on FSUN shares. Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. One equities 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.25.
Check Out Our Latest Analysis on FSUN
FirstSun Capital Bancorp Stock Performance
Shares of FSUN stock opened at $40.35 on Thursday. The business's fifty day simple moving average is $38.13 and its 200-day simple moving average is $37.27. The company has a market cap of $1.88 billion, a PE ratio of 20.48 and a beta of 0.31. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34.
FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued 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 firm had revenue of $184.14 million during the quarter. Analysts expect that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.
About FirstSun Capital Bancorp
(
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. 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.
Further Reading
Want to see what other hedge funds are holding FSUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider FirstSun Capital Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstSun Capital Bancorp wasn't on the list.
While FirstSun Capital Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
