Alliancebernstein L.P. Grows Stock Holdings in FirstSun Capital Bancorp $FSUN

Alliancebernstein L.P. increased its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 38.5% during the 1st quarter, HoldingsChannel reports. The firm owned 417,477 shares of the company’s stock after buying an additional 116,126 shares during the period. Alliancebernstein L.P.’s holdings in FirstSun Capital Bancorp were worth $15,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of FirstSun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after buying an additional 405 shares during the period. Northern Trust Corp increased its position in FirstSun Capital Bancorp by 2.9% during the fourth quarter. Northern Trust Corp now owns 22,317 shares of the company’s stock valued at $894,000 after acquiring an additional 625 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in FirstSun Capital Bancorp in the first quarter valued at about $69,000. Bank of America Corp DE lifted its holdings in FirstSun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock valued at $161,000 after acquiring an additional 3,919 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its position in FirstSun Capital Bancorp by 26.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 20,200 shares of the company’s stock worth $730,000 after purchasing an additional 4,200 shares during the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $46.00.

FirstSun Capital Bancorp Trading Up 2.2%

FirstSun Capital Bancorp stock opened at $38.49 on Friday. The firm has a 50 day moving average of $37.35 and a 200 day moving average of $36.45. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.30 and a beta of 1.02. FirstSun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $106.78 million for the quarter, compared to the consensus estimate of $103.35 million. FirstSun Capital Bancorp had a net margin of 15.99% and a return on equity of 9.24%. As a group, research analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share 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.