CreativeOne Wealth LLC Takes $503,000 Position in FirstSun Capital Bancorp $FSUN

CreativeOne Wealth LLC purchased a new position in FirstSun Capital Bancorp (NASDAQ:FSUN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,486 shares of the company’s stock, valued at approximately $503,000. CreativeOne Wealth LLC owned 0.05% of FirstSun Capital Bancorp at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FSUN. Vanguard Group Inc. increased its holdings in FirstSun Capital Bancorp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 548,767 shares of the company’s stock valued at $19,838,000 after acquiring an additional 14,574 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $961,000. Swiss National Bank acquired a new stake in shares of FirstSun Capital Bancorp in the first quarter valued at approximately $680,000. Goldman Sachs Group Inc. grew its position in shares of FirstSun Capital Bancorp by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after purchasing an additional 12,449 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth approximately $932,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lowered their target price on FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen upgraded FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, November 24th. Finally, Piper Sandler set a $42.00 target price on shares of FirstSun Capital Bancorp in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

FirstSun Capital Bancorp Price Performance

FSUN stock opened at $33.49 on Friday. The stock has a market capitalization of $933.56 million, a price-to-earnings ratio of 10.60 and a beta of 0.96. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. FirstSun Capital Bancorp has a 52-week low of $29.95 and a 52-week high of $45.32. The stock’s fifty day simple moving average is $36.42 and its 200-day simple moving average is $36.51.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, October 27th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.The business had revenue of $107.29 million for the quarter, compared to analysts’ expectations of $107.10 million. Equities research analysts expect 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.