Hsbc Holdings PLC Makes New Investment in FirstSun Capital Bancorp $FSUN

Hsbc Holdings PLC acquired a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 18,217 shares of the company’s stock, valued at approximately $681,000.

Several other hedge funds have also modified their holdings of the stock. Millennium Management LLC boosted its holdings in FirstSun Capital Bancorp by 199.9% in the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after purchasing an additional 110,662 shares during the period. Goldman Sachs Group Inc. increased its holdings in FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock worth $3,701,000 after purchasing an additional 12,449 shares during the period. Empowered Funds LLC raised its position in FirstSun Capital Bancorp by 103.1% in the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after purchasing an additional 36,813 shares in the last quarter. JPMorgan Chase & Co. raised its position in FirstSun Capital Bancorp by 312.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock valued at $3,041,000 after purchasing an additional 66,311 shares in the last quarter. Finally, Legal & General Group Plc raised its position in FirstSun Capital Bancorp by 36.6% in the 2nd quarter. Legal & General Group Plc now owns 8,749 shares of the company’s stock valued at $304,000 after purchasing an additional 2,344 shares in the last quarter.

FirstSun Capital Bancorp Stock Up 0.0%

FSUN stock opened at $35.31 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The company’s 50 day moving average is $36.39 and its two-hundred day moving average is $37.30. The stock has a market cap of $1.65 billion, a P/E ratio of 10.42 and a beta of 0.31.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). The company had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. Research analysts expect that FirstSun Capital Bancorp will post 3.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FSUN has been the subject of a number of analyst reports. Weiss Ratings raised FirstSun Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Stephens decreased their price target on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Finally, Wall Street Zen lowered shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $44.00.

FirstSun Capital Bancorp Company 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. 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.