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

Wellington Management Group LLP grew its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 42.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 approximately 8.80% of FirstSun Capital Bancorp worth $158,892,000 as of its most recent SEC filing.

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

FirstSun Capital Bancorp Stock Performance

FSUN opened at $40.01 on Tuesday. The stock’s 50 day simple moving average is $38.36 and its 200-day simple moving average is $37.27. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.86 billion, a PE ratio of 20.31 and a beta of 0.31. FirstSun Capital Bancorp has a 1 year low of $29.95 and a 1 year high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%.The firm had revenue of $184.14 million during the quarter. Sell-side analysts forecast that FirstSun Capital Bancorp will post 3.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FSUN. Stephens dropped their price objective on FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings downgraded FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Zacks Research raised FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. One 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. According to MarketBeat, FirstSun Capital Bancorp has an average rating of “Moderate Buy” and an average target price 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.