JPMorgan Chase & Co. Purchases 16,337 Shares of FirstSun Capital Bancorp $FSUN

JPMorgan Chase & Co. raised its holdings in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) by 18.7% during the third quarter, Holdings Channel reports. The fund owned 103,848 shares of the company’s stock after buying an additional 16,337 shares during the period. JPMorgan Chase & Co.’s holdings in FirstSun Capital Bancorp were worth $4,028,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FSUN. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter worth approximately $6,697,000. Millennium Management LLC boosted its stake in shares of FirstSun Capital Bancorp by 199.9% in the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after purchasing an additional 110,662 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of FirstSun Capital Bancorp by 96.7% during the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after purchasing an additional 99,196 shares during the last quarter. First Trust Advisors LP purchased a new position in FirstSun Capital Bancorp in the 2nd quarter worth $2,385,000. Finally, Bank of America Corp DE raised its position in FirstSun Capital Bancorp by 376.9% in the 3rd quarter. Bank of America Corp DE now owns 75,038 shares of the company’s stock worth $2,911,000 after purchasing an additional 59,304 shares during the period.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $36.68 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 10.60 and a beta of 0.71. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $37.60 and its two-hundred day simple moving average is $37.30.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. As a group, equities analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Insider Transactions at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director Peter E. Murphy purchased 1,500 shares of the stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $35.28 per share, with a total value of $52,920.00. Following the transaction, the director directly owned 1,500 shares of the company’s stock, valued at approximately $52,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSUN has been the subject of several analyst reports. Piper Sandler cut their price target on shares of FirstSun Capital Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lifted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Zacks Research lowered FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

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.