Azora Capital LP Has $1.15 Million Position in FirstSun Capital Bancorp $FSUN

Azora Capital LP boosted its stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) by 98.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,719 shares of the company’s stock after purchasing an additional 14,716 shares during the quarter. Azora Capital LP owned about 0.11% of FirstSun Capital Bancorp worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its position in shares of 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 purchasing an additional 110,662 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock worth $3,701,000 after buying an additional 12,449 shares during the period. Empowered Funds LLC boosted its holdings in shares of FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock worth $2,622,000 after buying an additional 36,813 shares during the period. Geode Capital Management LLC grew its stake in FirstSun Capital Bancorp by 123.3% in the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after buying an additional 164,507 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in FirstSun Capital Bancorp in the 2nd quarter valued at $97,000.

Wall Street Analysts Forecast Growth

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

FirstSun Capital Bancorp Trading Down 0.6%

Shares of FSUN stock opened at $34.84 on Friday. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The firm’s fifty day simple moving average is $38.41 and its 200 day simple moving average is $37.52. The firm has a market capitalization of $972.73 million, a P/E ratio of 10.07 and a beta of 0.89. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, beating 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 9.00%. The firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $108.20 million. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

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.