Punch & Associates Investment Management Inc. Purchases Shares of 64,332 FirstSun Capital Bancorp $FSUN

Punch & Associates Investment Management Inc. purchased a new position in FirstSun Capital Bancorp (NASDAQ:FSUN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 64,332 shares of the company’s stock, valued at approximately $2,495,000.

Several other institutional investors and hedge funds have also made changes to their positions in FSUN. Bank of America Corp DE grew its holdings in shares of FirstSun Capital Bancorp by 3.1% during the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock valued at $547,000 after buying an additional 479 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in FirstSun Capital Bancorp by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock worth $273,000 after acquiring an additional 558 shares during the last quarter. California State Teachers Retirement System raised its stake in FirstSun Capital Bancorp by 9.4% in the 2nd quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock worth $318,000 after acquiring an additional 786 shares during the last quarter. Royal Bank of Canada lifted its position in FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after acquiring an additional 918 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the 3rd quarter worth about $41,000.

FirstSun Capital Bancorp Trading Up 0.1%

NASDAQ FSUN opened at $40.35 on Thursday. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $1.88 billion, a PE ratio of 20.48 and a beta of 0.31. The company has a fifty day moving average of $38.13 and a 200 day moving average of $37.27.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced 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. The company had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. Research analysts forecast that FirstSun Capital Bancorp will post 3.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSUN. Zacks Research upgraded FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Finally, Piper Sandler raised their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $45.25.

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.