Quantinno Capital Management LP Invests $1.02 Million in FirstSun Capital Bancorp $FSUN

Key Points

• Quantinno Capital Management initiated a $1.02 million position in FirstSun Capital Bancorp, purchasing 27,893 shares, equivalent to approximately 0.06% of the company.
• Analyst sentiment is largely positive: FirstSun has an average “Buy” rating and a consensus price target of $45.25, above its reported opening price of $41.11.
• FirstSun reported quarterly earnings of $0.45 per share, surpassing the $0.17 consensus estimate, with quarterly revenue of $184.14 million.

Quantinno Capital Management LP bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,893 shares of the company's stock, valued at approximately $1,017,000. Quantinno Capital Management LP owned about 0.06% of FirstSun Capital Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new stake in FirstSun Capital Bancorp during the third quarter valued at $41,000. New York State Common Retirement Fund purchased a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth $139,000. Quantbot Technologies LP grew its stake in shares of FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company's stock worth $169,000 after buying an additional 4,071 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FirstSun Capital Bancorp in the 4th quarter worth about $214,000. Finally, Squarepoint Ops LLC bought a new stake in shares of FirstSun Capital Bancorp in the 4th quarter worth about $216,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of FirstSun Capital Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings upgraded FirstSun Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Raymond James Financial reissued a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Keefe, Bruyette & Woods upped their price objective on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Piper Sandler upped their price objective on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FirstSun Capital Bancorp currently has an average rating of "Buy" and an average target price of $45.25.

FirstSun Capital Bancorp Stock Up 0.6%

NASDAQ FSUN opened at $41.11 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.87 and a beta of 0.31. The company has a fifty day moving average of $37.48 and a two-hundred day moving average of $37.23.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. The business had revenue of $184.14 million for the quarter. On average, analysts predict that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.

About FirstSun Capital Bancorp

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.

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