Maltese Capital Management LLC Decreases Stock Holdings in FirstSun Capital Bancorp $FSUN

Maltese Capital Management LLC decreased its position in FirstSun Capital Bancorp (NASDAQ:FSUN) by 57.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 75,000 shares of the company’s stock after selling 100,000 shares during the quarter. Maltese Capital Management LLC’s holdings in FirstSun Capital Bancorp were worth $2,823,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of FirstSun Capital Bancorp by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock valued at $4,028,000 after acquiring an additional 16,337 shares during the period. Daytona Street Capital LLC purchased a new position in shares of FirstSun Capital Bancorp in the fourth quarter valued at about $616,000. Azora Capital LP increased its position in shares of FirstSun Capital Bancorp by 98.1% in the third quarter. Azora Capital LP now owns 29,719 shares of the company’s stock valued at $1,153,000 after acquiring an additional 14,716 shares during the period. Rafferty Asset Management LLC purchased a new position in shares of FirstSun Capital Bancorp in the third quarter valued at about $836,000. Finally, Oppenheimer & Close LLC purchased a new position in shares of FirstSun Capital Bancorp in the third quarter valued at about $820,000.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $36.28 on Tuesday. 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 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The company’s 50-day moving average is $36.50 and its 200 day moving average is $37.22. The stock has a market capitalization of $1.70 billion, a P/E ratio of 10.70 and a beta of 0.40.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. The company had revenue of $109.95 million for the quarter. On average, sell-side analysts expect that FirstSun Capital Bancorp will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler set a $45.00 price objective on shares of FirstSun Capital Bancorp in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Zacks Research cut shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, Stephens reduced their price target on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

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.