Allspring Global Investments Holdings LLC Invests $650,000 in FirstSun Capital Bancorp $FSUN

Allspring Global Investments Holdings LLC bought a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,829 shares of the company’s stock, valued at approximately $650,000. Allspring Global Investments Holdings LLC owned 0.06% of FirstSun Capital Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FSUN. Russell Investments Group Ltd. purchased a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter valued at approximately $41,000. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $139,000. Quantbot Technologies LP raised its position in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in FirstSun Capital Bancorp during the fourth quarter worth approximately $214,000. Finally, Squarepoint Ops LLC purchased a new stake in FirstSun Capital Bancorp during the fourth quarter worth approximately $216,000.

Analyst Ratings Changes

Several equities analysts have commented on FSUN shares. Piper Sandler set a $45.00 price target on shares of FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Stephens dropped their target price on shares of FirstSun Capital Bancorp from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Finally, Wall Street Zen cut shares of FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

FirstSun Capital Bancorp Stock Performance

Shares of FSUN opened at $34.75 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.62 billion, a PE ratio of 10.25 and a beta of 0.31. The company’s 50 day simple moving average is $36.24 and its 200-day simple moving average is $37.12. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.17 by $0.28. The firm had revenue of $184.14 million during the quarter. FirstSun Capital Bancorp had a net margin of 16.52% and a return on equity of 8.80%. As a group, equities analysts predict that FirstSun Capital Bancorp will post 2.98 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.