Police & Firemen s Retirement System of New Jersey Makes New $97,000 Investment in FirstSun Capital Bancorp $FSUN

Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,795 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors also recently modified their holdings of FSUN. OMERS ADMINISTRATION Corp raised its position in FirstSun Capital Bancorp by 26.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 20,200 shares of the company’s stock worth $730,000 after buying an additional 4,200 shares during the last quarter. PDT Partners LLC bought a new stake in shares of FirstSun Capital Bancorp in the first quarter worth approximately $347,000. Goldman Sachs Group Inc. raised its holdings in shares of FirstSun Capital Bancorp by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 102,390 shares of the company’s stock valued at $3,701,000 after purchasing an additional 12,449 shares during the last quarter. Vanguard Group Inc. lifted its position in FirstSun Capital Bancorp by 2.7% during the first quarter. Vanguard Group Inc. now owns 548,767 shares of the company’s stock valued at $19,838,000 after purchasing an additional 14,574 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in FirstSun Capital Bancorp in the second quarter worth approximately $509,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FSUN shares. Keefe, Bruyette & Woods decreased their target price on shares of FirstSun Capital Bancorp from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen raised FirstSun Capital Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Piper Sandler set a $42.00 target price on FirstSun Capital Bancorp in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FirstSun Capital Bancorp in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.67.

FirstSun Capital Bancorp Price Performance

Shares of NASDAQ:FSUN opened at $33.49 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $45.32. The company has a market capitalization of $933.56 million, a P/E ratio of 10.60 and a beta of 0.96. The firm’s 50 day simple moving average is $36.42 and its two-hundred day simple moving average is $36.51.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%.The firm had revenue of $107.29 million during the quarter, compared to analysts’ expectations of $107.10 million. Research analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

FirstSun Capital Bancorp 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.