Rafferty Asset Management LLC Takes Position in FirstSun Capital Bancorp $FSUN

Rafferty Asset Management LLC bought a new position in FirstSun Capital Bancorp (NASDAQ:FSUN) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 21,551 shares of the company’s stock, valued at approximately $836,000.

A number of other institutional investors have also recently bought and sold shares of FSUN. Geode Capital Management LLC lifted its holdings in shares of FirstSun Capital Bancorp by 123.3% during the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock worth $10,354,000 after acquiring an additional 164,507 shares during the period. Millennium Management LLC increased its stake in FirstSun Capital Bancorp by 199.9% in the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after acquiring an additional 110,662 shares during the period. First Trust Advisors LP bought a new stake in FirstSun Capital Bancorp in the second quarter valued at about $2,385,000. JPMorgan Chase & Co. raised its position in FirstSun Capital Bancorp by 312.8% in the second quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock worth $3,041,000 after purchasing an additional 66,311 shares in the last quarter. Finally, Salzhauer Michael raised its position in FirstSun Capital Bancorp by 45.1% in the third quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock worth $4,872,000 after purchasing an additional 39,048 shares in the last quarter.

FirstSun Capital Bancorp Stock Performance

FirstSun Capital Bancorp stock opened at $36.68 on Friday. The stock has a 50-day simple moving average of $38.64 and a 200 day simple moving average of $37.57. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.60 and a beta of 0.89. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. 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 posted its quarterly earnings data on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.12%. The firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $108.20 million. On average, research analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Keefe, Bruyette & Woods raised their target price on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th. Finally, Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $43.33.

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.