Azora Capital LP Buys New Shares in FirstSun Capital Bancorp $FSUN

Azora Capital LP bought a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,003 shares of the company’s stock, valued at approximately $521,000. Azora Capital LP owned approximately 0.05% of FirstSun Capital Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Trust Advisors LP acquired a new position in shares of FirstSun Capital Bancorp during the 2nd quarter worth approximately $2,385,000. Invesco Ltd. acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $480,000. Quantbot Technologies LP grew its stake in shares of FirstSun Capital Bancorp by 508.9% in the second 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. New York State Common Retirement Fund acquired a new position in FirstSun Capital Bancorp during the second quarter worth $139,000. Finally, Quadrature Capital Ltd acquired a new position in FirstSun Capital Bancorp during the second quarter worth $219,000.

FirstSun Capital Bancorp Price Performance

NASDAQ:FSUN opened at $36.44 on Wednesday. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $45.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.01. The firm’s 50-day simple moving average is $35.79 and its 200 day simple moving average is $36.44. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 11.53 and a beta of 0.95.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). FirstSun Capital Bancorp had a net margin of 15.94% and a return on equity of 9.00%. The business had revenue of $107.29 million during the quarter, compared to the consensus estimate of $107.10 million. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Analysts Set New Price Targets

FSUN has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 1st. Keefe, Bruyette & Woods reduced their price objective on shares of FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

FirstSun Capital Bancorp Company 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.