Stieven Capital Advisors L.P. Takes $18.74 Million Position in Firstsun Capital Bancorp (NASDAQ:FSUN)

Stieven Capital Advisors L.P. acquired a new position in Firstsun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 468,000 shares of the company’s stock, valued at approximately $18,743,000. Firstsun Capital Bancorp accounts for approximately 3.3% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 9th largest holding.

A number of other hedge funds also recently bought and sold shares of FSUN. Charles Schwab Investment Management Inc. bought a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter valued at about $2,816,000. Fourthstone LLC purchased a new position in shares of Firstsun Capital Bancorp in the third quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in Firstsun Capital Bancorp during the third quarter valued at approximately $873,000. State Street Corp purchased a new stake in Firstsun Capital Bancorp during the third quarter valued at approximately $1,367,000. Finally, Wellington Management Group LLP bought a new position in Firstsun Capital Bancorp in the third quarter worth approximately $103,024,000.

Firstsun Capital Bancorp Price Performance

FSUN opened at $43.03 on Friday. The company has a 50 day simple moving average of $40.46 and a two-hundred day simple moving average of $40.51. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. Firstsun Capital Bancorp has a 1-year low of $33.31 and a 1-year high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last issued its 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 net margin of 13.77% and a return on equity of 8.56%. As a group, equities analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FSUN. 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 restated an “outperform” rating and issued a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd.

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.