JPMorgan Chase & Co. Boosts Position in FirstSun Capital Bancorp $FSUN

JPMorgan Chase & Co. grew its stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,848 shares of the company’s stock after buying an additional 16,337 shares during the period. JPMorgan Chase & Co. owned 0.37% of FirstSun Capital Bancorp worth $4,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSUN. Hotchkis & Wiley Capital Management LLC bought a new position in shares of FirstSun Capital Bancorp in the third quarter valued at approximately $6,697,000. Millennium Management LLC grew its stake in FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after acquiring an additional 110,662 shares in the last quarter. Two Sigma Investments LP increased its holdings in FirstSun Capital Bancorp by 96.7% during the 3rd quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock worth $7,825,000 after acquiring an additional 99,196 shares during the period. First Trust Advisors LP bought a new stake in FirstSun Capital Bancorp during the 2nd quarter worth approximately $2,385,000. Finally, Bank of America Corp DE lifted its stake in FirstSun Capital Bancorp by 376.9% in the 3rd quarter. Bank of America Corp DE now owns 75,038 shares of the company’s stock worth $2,911,000 after purchasing an additional 59,304 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Friday, March 27th. Zacks Research lowered FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler reduced their target price on FirstSun Capital Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FirstSun Capital Bancorp currently has an average rating of “Moderate Buy” and an average price target of $45.33.

FirstSun Capital Bancorp Stock Performance

Shares of FirstSun Capital Bancorp stock opened at $36.68 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34. The firm has a market cap of $1.02 billion, a PE ratio of 10.60 and a beta of 0.71. The company has a 50 day simple moving average of $37.60 and a two-hundred day simple moving average of $37.30.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $110.18 million for the quarter, compared to analyst estimates of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. Analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Peter E. Murphy bought 1,500 shares of FirstSun Capital Bancorp stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $35.28 per share, with a total value of $52,920.00. Following the completion of the purchase, the director directly owned 1,500 shares in the company, valued at $52,920. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 12.52% of the stock is currently owned by corporate insiders.

FirstSun Capital Bancorp 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. 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.