Group One Trading LLC Invests $740,000 in FirstSun Capital Bancorp $FSUN

Group One Trading LLC purchased a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 19,078 shares of the company’s stock, valued at approximately $740,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at $311,000. EP Wealth Advisors LLC bought a new position in shares of FirstSun Capital Bancorp in the 2nd quarter valued at $256,000. BlackRock Inc. acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $73,455,000. Deutsche Bank AG acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth $957,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth $3,128,000.

FirstSun Capital Bancorp Stock Up 1.4%

Shares of FSUN opened at $40.56 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.59 and a beta of 0.31. The stock has a fifty day moving average of $37.94 and a 200-day moving average of $37.27.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The business had revenue of $184.14 million for the quarter. As a group, sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on FSUN. Weiss Ratings lowered FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods boosted their target price on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Stephens decreased their price target on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstSun Capital Bancorp 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.