Quantinno Capital Management LP Buys Shares of 27,893 FirstSun Capital Bancorp $FSUN

Quantinno Capital Management LP bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the first quarter, HoldingsChannel.com reports. The fund bought 27,893 shares of the company’s stock, valued at approximately $1,017,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of FirstSun Capital Bancorp by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock worth $108,403,000 after buying an additional 189,493 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in FirstSun Capital Bancorp during the 3rd quarter valued at $6,697,000. Dimensional Fund Advisors LP boosted its holdings in FirstSun Capital Bancorp by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after acquiring an additional 114,339 shares during the period. Millennium Management LLC grew its position in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after acquiring an additional 110,662 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at $4,154,000.

Wall Street Analysts Forecast Growth

FSUN has been the subject of several research analyst reports. Piper Sandler lifted their target price on FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Stephens cut their price target on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, FirstSun Capital Bancorp currently has a consensus rating of “Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Stock Up 0.6%

Shares of NASDAQ:FSUN opened at $41.11 on Friday. The business’s 50 day moving average is $37.48 and its 200 day moving average is $37.23. The stock has a market cap of $1.91 billion, a P/E ratio of 20.87 and a beta of 0.31. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $42.34. The company has a quick ratio of 1.00, a current ratio of 0.92 and a debt-to-equity ratio of 0.11.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, July 27th. The company reported $0.45 earnings per share 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%. Sell-side analysts predict that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

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.