Maltese Capital Management LLC Sells 100,000 Shares of FirstSun Capital Bancorp $FSUN

Maltese Capital Management LLC trimmed its position in FirstSun Capital Bancorp (NASDAQ:FSUN) by 57.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the company’s stock after selling 100,000 shares during the period. Maltese Capital Management LLC owned 0.27% of FirstSun Capital Bancorp worth $2,823,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in FirstSun Capital Bancorp in the 3rd quarter valued at $41,000. New York State Common Retirement Fund bought a new position in FirstSun Capital Bancorp in the 2nd quarter valued at $139,000. Quantbot Technologies LP boosted its holdings in FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after purchasing an additional 4,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at $214,000. Finally, Squarepoint Ops LLC bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at $216,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FSUN shares. Zacks Research cut shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Piper Sandler set a $45.00 price objective on shares of FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Finally, Stephens lowered their price objective 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. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FirstSun Capital Bancorp presently has an average rating of “Moderate Buy” and an average target price of $44.00.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ:FSUN opened at $36.28 on Tuesday. The stock has a market cap of $1.70 billion, a PE ratio of 10.70 and a beta of 0.40. The company’s fifty day moving average is $36.50 and its 200 day moving average is $37.22. 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 1.02 and a debt-to-equity ratio of 0.10.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, April 27th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The business had revenue of $109.95 million during the quarter. FirstSun Capital Bancorp had a return on equity of 8.80% and a net margin of 16.52%. Research analysts anticipate that FirstSun Capital Bancorp will post 3.44 earnings per share 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.