Teacher Retirement System of Texas Buys New Stake in FirstSun Capital Bancorp $FSUN

Teacher Retirement System of Texas purchased a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,819 shares of the company’s stock, valued at approximately $932,000.

Other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $509,000. Assenagon Asset Management S.A. acquired a new stake in FirstSun Capital Bancorp in the 2nd quarter valued at $2,910,000. Goldman Sachs Group Inc. grew its position in FirstSun Capital Bancorp by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after acquiring an additional 12,449 shares during the period. Mendon Capital Advisors Corp grew its position in FirstSun Capital Bancorp by 197.7% in the first quarter. Mendon Capital Advisors Corp now owns 140,260 shares of the company’s stock valued at $5,070,000 after acquiring an additional 93,145 shares during the period. Finally, Empowered Funds LLC raised its stake in FirstSun Capital Bancorp by 103.1% during the first quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock worth $2,622,000 after acquiring an additional 36,813 shares in the last quarter.

FirstSun Capital Bancorp Stock Performance

FirstSun Capital Bancorp stock opened at $33.46 on Friday. The stock has a 50-day simple moving average of $38.28 and a 200 day simple moving average of $36.86. The stock has a market capitalization of $931.19 million, a price-to-earnings ratio of 10.59 and a beta of 0.96. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). FirstSun Capital Bancorp had a net margin of 15.94% and a return on equity of 9.12%. The company had revenue of $108.51 million during the quarter, compared to analyst estimates of $107.10 million. On average, research analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FSUN. Piper Sandler set a $42.00 target price on shares of FirstSun Capital Bancorp in a research note on Monday. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.