Stieven Capital Advisors L.P. Acquires New Position in Firstsun Capital Bancorp (NASDAQ:FSUN)

Stieven Capital Advisors L.P. bought a new position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 468,000 shares of the company's stock, valued at approximately $18,743,000. Firstsun Capital Bancorp comprises about 3.3% of Stieven Capital Advisors L.P.'s holdings, making the stock its 9th biggest position. Stieven Capital Advisors L.P. owned 1.69% of Firstsun Capital Bancorp at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Salzhauer Michael purchased a new position in Firstsun Capital Bancorp in the 4th quarter worth about $2,024,000. Empowered Funds LLC purchased a new position in Firstsun Capital Bancorp in the 4th quarter worth about $1,430,000. Geode Capital Management LLC purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $3,066,000. Public Employees Retirement System of Ohio purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $42,772,000. Finally, Wellington Management Group LLP purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $103,024,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $47.00 target price (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Raymond James raised shares of Firstsun Capital Bancorp from a "market perform" rating to an "outperform" rating and set a $42.00 price target for the company in a research report on Tuesday, November 19th.

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Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN traded down $0.08 during midday trading on Wednesday, hitting $41.94. 26,312 shares of the company's stock traded hands, compared to its average volume of 56,939. Firstsun Capital Bancorp has a 1 year low of $33.31 and a 1 year high of $45.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a fifty day moving average of $40.50 and a 200 day moving average of $40.51.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. Research analysts forecast that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal 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.