Assenagon Asset Management S.A. Buys 55,615 Shares of FirstSun Capital Bancorp $FSUN

Assenagon Asset Management S.A. increased its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 169.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 88,518 shares of the company’s stock after buying an additional 55,615 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FirstSun Capital Bancorp were worth $3,227,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FSUN. Hsbc Holdings PLC purchased a new position in FirstSun Capital Bancorp during the 4th quarter valued at about $681,000. Invesco Ltd. lifted its stake in FirstSun Capital Bancorp by 28.9% in the 4th quarter. Invesco Ltd. now owns 23,500 shares of the company’s stock worth $884,000 after purchasing an additional 5,275 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in FirstSun Capital Bancorp by 73.0% in the 4th quarter. Mendon Capital Advisors Corp now owns 140,515 shares of the company’s stock worth $5,288,000 after purchasing an additional 59,282 shares in the last quarter. Wellington Management Group LLP boosted its holdings in FirstSun Capital Bancorp by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after purchasing an additional 189,493 shares during the period. Finally, Millennium Management LLC bought a new position in FirstSun Capital Bancorp in the 4th quarter valued at $2,990,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FSUN shares. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research lowered FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Piper Sandler set a $45.00 target price on FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Stephens lowered their price target on FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

FirstSun Capital Bancorp Price Performance

Shares of FirstSun Capital Bancorp stock opened at $38.76 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.81 billion, a PE ratio of 11.43 and a beta of 0.40. The business’s 50-day moving average price is $36.41 and its 200-day moving average price is $37.39. 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 announced its quarterly earnings data on Monday, April 27th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The firm had revenue of $109.95 million for the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. Sell-side analysts forecast that FirstSun Capital Bancorp will post 3.52 EPS 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.