Group One Trading LLC Invests $740,000 in FirstSun Capital Bancorp $FSUN

Group One Trading LLC bought a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,078 shares of the company’s stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss National Bank lifted its holdings in FirstSun Capital Bancorp by 110.3% during the 1st quarter. Swiss National Bank now owns 51,100 shares of the company’s stock worth $1,863,000 after purchasing an additional 26,800 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $14,523,000 after buying an additional 114,339 shares in the last quarter. Quantinno Capital Management LP acquired a new position in FirstSun Capital Bancorp in the 1st quarter valued at $1,017,000. Salzhauer Michael increased its position in FirstSun Capital Bancorp by 12.2% during the 4th quarter. Salzhauer Michael now owns 140,960 shares of the company’s stock worth $5,305,000 after buying an additional 15,359 shares during the period. Finally, Access Investment Management LLC bought a new position in FirstSun Capital Bancorp during the 1st quarter worth $1,959,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FSUN. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Keefe, Bruyette & Woods raised their price target 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. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Piper Sandler boosted their price objective on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Stephens decreased their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, FirstSun Capital Bancorp presently has an average rating of “Moderate Buy” and an average target price of $45.25.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $40.56 on Tuesday. The stock has a market capitalization of $1.89 billion, a PE ratio of 20.59 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. The business has a fifty day moving average price of $37.94 and a two-hundred day moving average price of $37.27. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The company had revenue of $184.14 million for the quarter. As a group, equities analysts predict that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.

FirstSun Capital Bancorp 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.