Vanguard Group Inc. Buys 14,574 Shares of FirstSun Capital Bancorp $FSUN

Key Points

• Vanguard Group Inc. increased its stake in FirstSun Capital Bancorp by 2.7%, acquiring an additional 14,574 shares, bringing its total to 548,767 shares valued at approximately $19.8 million.
• Several hedge funds, including Bank of America Corp DE and Tower Research Capital LLC TRC, significantly raised their holdings in FirstSun Capital Bancorp during the last quarter, indicating growing institutional interest.
• FirstSun Capital Bancorp reported an earnings per share of $0.93, surpassing estimates, and has received a consensus rating of "Buy" from analysts, with a target price around $46.00.

Vanguard Group Inc. boosted its stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 548,767 shares of the company's stock after purchasing an additional 14,574 shares during the period. Vanguard Group Inc. owned about 1.98% of FirstSun Capital Bancorp worth $19,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at $3,100,000. Bridgeway Capital Management LLC acquired a new stake in FirstSun Capital Bancorp during the fourth quarter valued at $1,831,000. Millennium Management LLC boosted its position in FirstSun Capital Bancorp by 223.9% during the fourth quarter. Millennium Management LLC now owns 55,369 shares of the company's stock valued at $2,218,000 after purchasing an additional 38,276 shares during the last quarter. Two Sigma Investments LP purchased a new position in FirstSun Capital Bancorp in the fourth quarter valued at about $1,526,000. Finally, Dimensional Fund Advisors LP acquired a new position in FirstSun Capital Bancorp in the 4th quarter worth about $986,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded FirstSun Capital Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $46.00.

FirstSun Capital Bancorp Stock Up 0.6%

Shares of NASDAQ FSUN traded up $0.22 during mid-day trading on Thursday, reaching $38.64. 73,227 shares of the company traded hands, compared to its average volume of 166,694. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $1.08 billion, a PE ratio of 12.35 and a beta of 1.02. The company's fifty day moving average is $37.12 and its two-hundred day moving average is $36.56. FirstSun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $106.78 million during the quarter, compared to analyst estimates of $103.35 million. FirstSun Capital Bancorp had a return on equity of 9.24% and a net margin of 15.99%. On average, analysts expect that FirstSun Capital Bancorp will post 3.6 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.