Wellington Management Group LLP Raises Stock Position in FirstSun Capital Bancorp $FSUN

Key Points

• Wellington Management Group LLP increased its stake in FirstSun Capital Bancorp by 4.6%, acquiring 121,470 shares to hold a total of 2,747,637 shares, valued at approximately $99 million.
• Notable investors, including Geode Capital Management and Marshall Wace LLP, significantly boosted their stakes in FirstSun Capital Bancorp during the fourth quarter, indicating growing institutional interest.
• The stock currently holds an average rating of "Buy" among analysts, with a consensus target price of $46.00, despite a recent downgrade from a "hold" rating by Wall Street Zen.

Wellington Management Group LLP increased its position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,747,637 shares of the company's stock after acquiring an additional 121,470 shares during the period. Wellington Management Group LLP owned about 9.90% of FirstSun Capital Bancorp worth $99,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position 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 worth $26,000 after acquiring an additional 405 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of FirstSun Capital Bancorp during the 1st quarter worth approximately $69,000. Bank of America Corp DE lifted its stake in FirstSun Capital Bancorp by 4,306.6% in 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 during the last quarter. Two Sigma Advisers LP bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at approximately $284,000. Finally, Barclays PLC bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at approximately $336,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of FirstSun Capital Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Stephens assumed coverage on shares of FirstSun Capital Bancorp in a research note on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $46.00.

FirstSun Capital Bancorp Trading Down 0.3%

NASDAQ FSUN traded down $0.13 during mid-day trading on Wednesday, reaching $37.38. 38,558 shares of the stock were exchanged, compared to its average volume of 108,878. The stock has a 50 day simple moving average of $36.50 and a 200-day simple moving average of $36.75. FirstSun Capital Bancorp has a one year low of $31.70 and a one year high of $45.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $1.04 billion and a P/E ratio of 11.94.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $106.78 million during the quarter, compared to analysts' expectations of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. On average, analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

FirstSun Capital Bancorp 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.