Empowered Funds LLC Makes New Investment in FirstSun Capital Bancorp $FSUN

Empowered Funds LLC bought a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the second quarter, HoldingsChannel reports. The fund bought 124,995 shares of the company’s stock, valued at approximately $4,847,000.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the third quarter worth approximately $41,000. Royal Bank of Canada lifted its holdings in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $139,000. Quantbot Technologies LP grew its position in shares of FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of FirstSun Capital Bancorp in the 4th quarter valued at $214,000.

FirstSun Capital Bancorp Price Performance

FirstSun Capital Bancorp stock opened at $40.01 on Tuesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 20.31 and a beta of 0.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The firm’s 50-day moving average is $38.36 and its two-hundred day moving average is $37.27.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.28. The company 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%. Equities analysts predict that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.

Wall Street Analyst Weigh In

FSUN has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Piper Sandler boosted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Stephens decreased their price target on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.25.

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.