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

Stieven Capital Advisors L.P. purchased a new position in Firstsun Capital Bancorp (NASDAQ:FSUN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 468,000 shares of the company’s stock, valued at approximately $18,743,000. Firstsun Capital Bancorp accounts for about 3.3% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 9th largest position. Stieven Capital Advisors L.P. owned 1.69% of Firstsun Capital Bancorp at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $2,816,000. Fourthstone LLC purchased a new stake in Firstsun Capital Bancorp in the third quarter worth about $13,846,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Firstsun Capital Bancorp during the third quarter valued at approximately $873,000. State Street Corp purchased a new position in shares of Firstsun Capital Bancorp during the third quarter valued at approximately $1,367,000. Finally, Wellington Management Group LLP bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth approximately $103,024,000.

Analyst Ratings Changes

A number of research analysts have issued reports on FSUN shares. Raymond James upgraded Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN opened at $43.03 on Friday. Firstsun Capital Bancorp has a twelve month low of $33.31 and a twelve month 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 50 day moving average of $40.46 and a 200 day moving average of $40.51.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Analysts predict that Firstsun Capital Bancorp will post 3.6 EPS 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.