Gamco Investors INC. ET AL Makes New Investment in FirstSun Capital Bancorp $FSUN

Gamco Investors INC. ET AL bought a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the 1st quarter, Holdings Channel reports. The firm bought 15,256 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in FirstSun Capital Bancorp by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock valued at $4,028,000 after buying an additional 16,337 shares in the last quarter. Daytona Street Capital LLC bought a new stake in FirstSun Capital Bancorp in the fourth quarter worth $616,000. Salzhauer Michael boosted its holdings in FirstSun Capital Bancorp by 12.2% in the fourth quarter. Salzhauer Michael now owns 140,960 shares of the company’s stock worth $5,305,000 after acquiring an additional 15,359 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of FirstSun Capital Bancorp in the fourth quarter worth $681,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of FirstSun Capital Bancorp by 169.0% in the first quarter. Assenagon Asset Management S.A. now owns 88,518 shares of the company’s stock worth $3,227,000 after acquiring an additional 55,615 shares during the last quarter.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN opened at $39.09 on Thursday. The business’s fifty day simple moving average is $36.39 and its two-hundred day simple moving average is $37.13. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 19.84 and a beta of 0.31.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 8.23% and a net margin of 6.60%.The firm had revenue of $184.14 million during the quarter. Research analysts anticipate that FirstSun Capital Bancorp will post 2.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FSUN has been the subject of several recent analyst reports. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Stephens cut their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen cut shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstSun Capital Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.