Hsbc Holdings PLC Acquires New Shares in FirstSun Capital Bancorp $FSUN

Hsbc Holdings PLC acquired a new position in FirstSun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,217 shares of the company’s stock, valued at approximately $681,000. Hsbc Holdings PLC owned 0.07% of FirstSun Capital Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of FirstSun Capital Bancorp by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after purchasing an additional 189,493 shares during the last quarter. State Street Corp increased its position in shares of FirstSun Capital Bancorp by 2.1% during the 4th quarter. State Street Corp now owns 459,011 shares of the company’s stock worth $17,275,000 after purchasing an additional 9,381 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of FirstSun Capital Bancorp by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock worth $17,098,000 after purchasing an additional 1,929 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in FirstSun Capital Bancorp by 32.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 284,023 shares of the company’s stock valued at $10,689,000 after buying an additional 68,839 shares during the period. Finally, Two Sigma Investments LP raised its holdings in FirstSun Capital Bancorp by 96.7% in the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after buying an additional 99,196 shares during the period.

Analyst Upgrades and Downgrades

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

FirstSun Capital Bancorp Stock Performance

Shares of FirstSun Capital Bancorp stock opened at $35.31 on Thursday. The business has a 50-day moving average of $36.39 and a 200 day moving average of $37.30. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06). The firm 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%. As a group, sell-side analysts forecast that FirstSun Capital Bancorp will post 3.25 earnings per share for the current year.

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.