Vanguard Group Inc. Acquires 57,058 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Vanguard Group Inc. raised its holdings in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,193 shares of the company’s stock after purchasing an additional 57,058 shares during the period. Vanguard Group Inc.’s holdings in Firstsun Capital Bancorp were worth $21,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Stieven Capital Advisors L.P. bought a new position in shares of Firstsun Capital Bancorp during the fourth quarter valued at approximately $18,743,000. Geode Capital Management LLC bought a new position in Firstsun Capital Bancorp in the 3rd quarter worth $3,066,000. Salzhauer Michael bought a new stake in shares of Firstsun Capital Bancorp during the 4th quarter valued at about $2,024,000. Empowered Funds LLC purchased a new position in shares of Firstsun Capital Bancorp during the fourth quarter valued at about $1,430,000. Finally, State Street Corp bought a new position in Firstsun Capital Bancorp in the third quarter worth about $1,367,000.

Insider Activity at Firstsun Capital Bancorp

In other news, insider Mollie H. Carter bought 1,025,450 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the purchase, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. This represents a -285.68 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSUN shares. Piper Sandler assumed coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They issued an “overweight” rating and a $51.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Firstsun Capital Bancorp Trading Up 2.4 %

Shares of NASDAQ FSUN opened at $34.08 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $38.30 and a two-hundred day simple moving average of $39.04. Firstsun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. On average, analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current 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.