Assenagon Asset Management S.A. Reduces Stock Position in FirstSun Capital Bancorp $FSUN

Assenagon Asset Management S.A. reduced its holdings in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) by 55.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,283 shares of the company’s stock after selling 46,458 shares during the quarter. Assenagon Asset Management S.A. owned 0.13% of FirstSun Capital Bancorp worth $1,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in FirstSun Capital Bancorp by 2.7% in the first 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. Alliancebernstein L.P. increased its position in shares of FirstSun Capital Bancorp by 5.1% in the 2nd quarter. Alliancebernstein L.P. now owns 438,855 shares of the company’s stock worth $15,250,000 after purchasing an additional 21,378 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 164,507 shares in the last quarter. Millennium Management LLC lifted its position in shares of FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after purchasing an additional 110,662 shares during the last quarter. Finally, Mendon Capital Advisors Corp lifted its position in shares of FirstSun Capital Bancorp by 197.7% during the first quarter. Mendon Capital Advisors Corp now owns 140,260 shares of the company’s stock worth $5,070,000 after purchasing an additional 93,145 shares during the last quarter.

Analyst Ratings Changes

FSUN has been the subject of several research analyst reports. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday. Piper Sandler set a $42.00 price target on FirstSun Capital Bancorp in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and an average price target of $43.33.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $38.56 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $1.08 billion, a PE ratio of 12.20 and a beta of 0.95. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $45.32. The business’s fifty day moving average price is $35.45 and its two-hundred day moving average price is $36.67.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $107.29 million for the quarter, compared to analyst estimates of $107.10 million. On average, 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. 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.