FirstSun Capital Bancorp $FSUN Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in FirstSun Capital Bancorp (NASDAQ:FSUN) by 55.5% during the 3rd quarter, Holdings Channel reports. The fund owned 37,283 shares of the company’s stock after selling 46,458 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FirstSun Capital Bancorp were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in FirstSun Capital Bancorp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 548,767 shares of the company’s stock worth $19,838,000 after acquiring an additional 14,574 shares during the period. Swiss National Bank bought a new stake in shares of FirstSun Capital Bancorp during the first quarter valued at about $680,000. American Century Companies Inc. acquired a new stake in FirstSun Capital Bancorp in the first quarter worth about $580,000. OMERS ADMINISTRATION Corp grew its position in FirstSun Capital Bancorp by 26.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 20,200 shares of the company’s stock valued at $730,000 after buying an additional 4,200 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in FirstSun Capital Bancorp during the 1st quarter valued at about $347,000.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ:FSUN opened at $38.56 on Thursday. The company has a market capitalization of $1.08 billion, a PE ratio of 12.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a fifty day moving average of $35.45 and a 200-day moving average of $36.67. FirstSun Capital Bancorp has a one year low of $29.95 and a one year high of $45.32.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.The company had revenue of $107.29 million during the quarter, compared to analyst estimates of $107.10 million. As a group, equities analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FSUN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

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.