Daytona Street Capital LLC Purchases Shares of 16,370 FirstSun Capital Bancorp $FSUN

Daytona Street Capital LLC purchased a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,370 shares of the company’s stock, valued at approximately $616,000. Daytona Street Capital LLC owned 0.06% of FirstSun Capital Bancorp as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSUN. Millennium Management LLC boosted its position in FirstSun Capital Bancorp by 199.9% during the 1st quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock valued at $6,002,000 after buying an additional 110,662 shares during the period. Goldman Sachs Group Inc. boosted its position in FirstSun Capital Bancorp by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after buying an additional 12,449 shares during the period. Empowered Funds LLC boosted its position in FirstSun Capital Bancorp by 103.1% during the 1st quarter. Empowered Funds LLC now owns 72,528 shares of the company’s stock valued at $2,622,000 after buying an additional 36,813 shares during the period. Swiss National Bank boosted its position in FirstSun Capital Bancorp by 12.8% during the 2nd quarter. Swiss National Bank now owns 21,200 shares of the company’s stock valued at $737,000 after buying an additional 2,400 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in FirstSun Capital Bancorp by 312.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,511 shares of the company’s stock valued at $3,041,000 after buying an additional 66,311 shares during the period.

Insider Activity at FirstSun Capital Bancorp

In related news, Director Peter E. Murphy bought 1,500 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost of $35.28 per share, with a total value of $52,920.00. Following the transaction, the director owned 1,500 shares in the company, valued at approximately $52,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Friday, March 27th. Zacks Research cut shares of FirstSun Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Piper Sandler dropped their price target on shares of FirstSun Capital Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods raised their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

FirstSun Capital Bancorp Trading Down 1.7%

NASDAQ:FSUN opened at $36.06 on Tuesday. The company has a 50-day moving average price of $37.57 and a 200-day moving average price of $37.27. FirstSun Capital Bancorp has a 12 month low of $29.95 and a 12 month high of $42.34. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 10.42 and a beta of 0.71.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.00%. The firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $108.20 million. Equities analysts predict that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

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. 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.