Empowered Funds Buys into FirstSun Capital Bancorp for $4.8 Million

Empowered Funds LLC has acquired a new position in shares of FirstSun Capital Bancorp (NASDAQ: FSUN), valued at approximately $4,847,000. The firm purchased 124,995 shares during the second quarter, according to its most recent filing with the Securities & Exchange Commission.

FirstSun Capital Bancorp's stock opened at $40.01 on Tuesday. This follows a series of institutional investors increasing their holdings in the company, including Swiss National Bank and Dimensional Fund Advisors LP. The latter firm grew its stake by 40.3% during the first quarter.

Analysts have also weighed in on FirstSun Capital Bancorp, with several firms issuing 'buy' or 'strong buy' ratings. Keefe, Bruyette & Woods upped their price objective from $43.00 to $45.00 and gave the company an 'outperform' rating.