Private Management Group Inc. purchased a new position in FirstSun Capital Bancorp (NASDAQ:FSUN – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 17,665 shares of the company’s stock, valued at approximately $685,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swiss National Bank raised its holdings in FirstSun Capital Bancorp by 110.3% in the 1st quarter. Swiss National Bank now owns 51,100 shares of the company’s stock valued at $1,863,000 after acquiring an additional 26,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FirstSun Capital Bancorp by 40.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock worth $14,523,000 after purchasing an additional 114,339 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of FirstSun Capital Bancorp by 59.0% during the 1st quarter. Bank of America Corp DE now owns 99,637 shares of the company’s stock worth $3,633,000 after purchasing an additional 36,964 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of FirstSun Capital Bancorp during the 1st quarter worth approximately $1,017,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $2,495,000.
FirstSun Capital Bancorp Price Performance
Shares of FSUN opened at $40.07 on Monday. 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 has a 12-month low of $29.95 and a 12-month high of $42.34. The company’s 50-day moving average price is $38.28 and its 200 day moving average price is $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.
Analyst Ratings Changes
A number of brokerages recently commented on FSUN. Stephens reduced their price objective 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. Keefe, Bruyette & Woods upped their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Piper Sandler boosted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $45.25.
Read Our Latest Report on FirstSun Capital Bancorp
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. 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.
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