Oppenheimer & Close LLC Invests $820,000 in FirstSun Capital Bancorp $FSUN

Oppenheimer & Close LLC purchased a new position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 21,150 shares of the company’s stock, valued at approximately $820,000.

A number of other institutional investors also recently added to or reduced their stakes in FSUN. Ameritas Investment Partners Inc. acquired a new position in FirstSun Capital Bancorp during the 2nd quarter worth approximately $45,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $97,000. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $139,000. Quantbot Technologies LP grew its holdings in FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after acquiring an additional 4,071 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in FirstSun Capital Bancorp in the second quarter worth $219,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSUN shares. Piper Sandler set a $42.00 target price on shares of FirstSun Capital Bancorp in a research report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Zacks Research raised shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Finally, Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ FSUN opened at $39.48 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $38.90 and its 200 day moving average price is $37.46. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 11.41 and a beta of 0.82.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $110.21 million for the quarter, compared to the consensus estimate of $108.20 million. FirstSun Capital Bancorp had a net margin of 17.19% and a return on equity of 9.12%. As a group, research analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal 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.