Rafferty Asset Management LLC Makes New Investment in FirstSun Capital Bancorp $FSUN

Rafferty Asset Management LLC purchased a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,551 shares of the company’s stock, valued at approximately $836,000. Rafferty Asset Management LLC owned approximately 0.08% of FirstSun Capital Bancorp as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in FirstSun Capital Bancorp in the second quarter valued at about $45,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $97,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter valued at about $139,000. Quantbot Technologies LP grew its stake in shares of FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after buying an additional 4,071 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $219,000.

FirstSun Capital Bancorp Stock Performance

NASDAQ:FSUN opened at $36.68 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.60 and a beta of 0.89. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is $38.64 and its 200 day simple moving average is $37.57.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $110.18 million for the quarter, compared to analyst estimates of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.12%. On average, sell-side analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Analysts Set New Price Targets

FSUN has been the topic of a number of research reports. Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.33.

About FirstSun Capital Bancorp

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.