FirstSun Capital Bancorp $FSUN Shares Purchased by Private Management Group Inc.

Private Management Group Inc. raised its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 82.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,224 shares of the company’s stock after buying an additional 14,559 shares during the period. Private Management Group Inc. owned about 0.07% of FirstSun Capital Bancorp worth $1,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of FirstSun Capital Bancorp by 42.2% during the 2nd quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock worth $158,892,000 after acquiring an additional 1,216,889 shares during the last quarter. BlackRock Inc. bought a new position in FirstSun Capital Bancorp in the second quarter valued at $73,455,000. Dimensional Fund Advisors LP raised its position in FirstSun Capital Bancorp by 40.3% during the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Empowered Funds LLC purchased a new stake in FirstSun Capital Bancorp during the second quarter valued at about $4,847,000. Finally, Bank of America Corp DE bought a new stake in FirstSun Capital Bancorp during the second quarter worth about $3,999,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FSUN. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Stephens increased their price objective on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Weiss Ratings cut FirstSun Capital Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Keefe, Bruyette & Woods raised their price objective on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Piper Sandler dropped their target price on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $39.48 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34. The company has a fifty day moving average of $39.32 and a 200-day moving average of $37.92. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 20.04 and a beta of 0.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, October 26th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.63%. Equities research analysts expect that FirstSun Capital Bancorp will post 3.36 EPS for the current year.

FirstSun Capital Bancorp Profile

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The bank offers commercial and consumer banking services, including deposit accounts, business and personal loans, cash management, and mortgage lending. It also provides wealth management and trust services. The company serves individuals, businesses, and organizations across Arizona, Colorado, Kansas, New Mexico, and Texas. Its banking services include relationship-focused support for commercial clients as well as everyday banking products for consumers.