Private Management Group Inc. Purchases New Shares in FirstSun Capital Bancorp $FSUN

Private Management Group Inc. acquired a new stake in FirstSun Capital Bancorp (NASDAQ:FSUN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,665 shares of the company’s stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSUN. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter worth about $41,000. Royal Bank of Canada increased its stake in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares in the last quarter. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp in the 2nd quarter worth about $139,000. Quantbot Technologies LP raised its holdings in 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 purchasing an additional 4,071 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in FirstSun Capital Bancorp during the fourth quarter worth approximately $214,000.

FirstSun Capital Bancorp Price Performance

NASDAQ:FSUN opened at $40.07 on Monday. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The stock has a 50 day moving average of $38.28 and a two-hundred day moving average of $37.26. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.87 billion, a P/E ratio of 20.34 and a beta of 0.31.

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

Analyst Ratings Changes

FSUN has been the topic of several research analyst reports. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Wall Street Zen upgraded FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stephens decreased their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, FirstSun Capital Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.25.

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.