The Manufacturers Life Insurance Company Purchases Shares of 14,769 FirstSun Capital Bancorp $FSUN

The Manufacturers Life Insurance Company acquired a new position in FirstSun Capital Bancorp (NASDAQ:FSUN) during the second quarter, HoldingsChannel reports. The institutional investor acquired 14,769 shares of the company’s stock, valued at approximately $573,000.

Several other hedge funds have also recently made changes to their positions in FSUN. BlackRock Inc. bought a new position in shares of FirstSun Capital Bancorp during the second quarter valued at approximately $73,455,000. Wellington Management Group LLP boosted its holdings in 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 valued at $108,403,000 after acquiring an additional 189,493 shares in the last quarter. 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 increased its position 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 purchasing an additional 114,339 shares during the period. Finally, Millennium Management LLC raised its holdings in FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after purchasing an additional 110,662 shares in the last quarter.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $40.92 on Monday. The company’s fifty day moving average price is $38.57 and its 200-day moving average price is $37.31. The stock has a market cap of $1.91 billion, a PE ratio of 20.77 and a beta of 0.32. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly 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 net margin of 6.60% and a return on equity of 7.16%. The company had revenue of $184.14 million during the quarter. On average, equities analysts expect that FirstSun Capital Bancorp will post 3.34 EPS for the current fiscal year.

Analysts Set New Price Targets

FSUN has been the topic of a number of research reports. 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. Keefe, Bruyette & Woods increased 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 note on Wednesday, August 5th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Stephens cut their price objective on 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. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.25.

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.