Wellington Management Group LLP Buys 1,216,889 Shares of FirstSun Capital Bancorp $FSUN

Wellington Management Group LLP boosted its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 42.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,097,274 shares of the company’s stock after buying an additional 1,216,889 shares during the period. Wellington Management Group LLP owned 0.09% of FirstSun Capital Bancorp worth $158,892,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FSUN. Russell Investments Group Ltd. acquired a new position in FirstSun Capital Bancorp during the third quarter worth $41,000. Royal Bank of Canada boosted its stake in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at $139,000. Quantbot Technologies LP grew its holdings in shares of FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of FirstSun Capital Bancorp in the 4th quarter worth about $214,000.

FirstSun Capital Bancorp Stock Down 0.1%

Shares of NASDAQ FSUN opened at $40.01 on Tuesday. The firm’s 50-day simple moving average is $38.36 and its 200 day simple moving average is $37.27. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 20.31 and a beta of 0.31. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. 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 issued its quarterly earnings data on Monday, July 27th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. The firm had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. On average, research analysts expect that FirstSun Capital Bancorp will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FSUN. Keefe, Bruyette & Woods increased their target price on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Piper Sandler raised their price objective on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Weiss Ratings cut shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Stephens reduced their target price on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FirstSun Capital Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $45.25.

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.