Private Management Group Inc. increased its stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN – Free Report) by 82.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 32,224 shares of the company’s stock after purchasing an additional 14,559 shares during the quarter. Private Management Group Inc.’s holdings in FirstSun Capital Bancorp were worth $1,244,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of FSUN. Allspring Global Investments Holdings LLC lifted its position in FirstSun Capital Bancorp by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,170 shares of the company’s stock valued at $744,000 after purchasing an additional 753 shares during the last quarter. Access Investment Management LLC grew its holdings in shares of FirstSun Capital Bancorp by 2.5% in the third quarter. Access Investment Management LLC now owns 89,515 shares of the company’s stock worth $3,456,000 after purchasing an additional 2,175 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of FirstSun Capital Bancorp by 1,494.4% in the third quarter. Sterling Capital Management LLC now owns 8,004 shares of the company’s stock worth $309,000 after purchasing an additional 7,502 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of FirstSun Capital Bancorp in the third quarter worth $75,000. Finally, Versant Capital Management Inc increased its stake in shares of FirstSun Capital Bancorp by 358.2% in the third quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock worth $76,000 after buying an additional 1,533 shares during the period.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Stephens raised their price target on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Keefe, Bruyette & Woods upped their price objective 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. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. Piper Sandler dropped their target price on shares of FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.
View Our Latest Analysis on FSUN
FirstSun Capital Bancorp Price Performance
Shares of FSUN stock opened at $39.48 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of 20.04 and a beta of 0.32. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The business’s 50 day moving average price is $39.32 and its 200-day moving average price is $37.92. 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 (NASDAQ:FSUN – Get Free Report) last posted its earnings results on Monday, October 26th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a return on equity of 8.63% and a net margin of 7.59%. On average, equities research analysts anticipate that FirstSun Capital Bancorp will post 3.36 earnings per share for the current year.
About FirstSun Capital Bancorp
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.
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