Firstsun Capital Bancorp (NASDAQ:FSUN) Insider Purchases $38,003,177.00 in Stock

Firstsun Capital Bancorp (NASDAQ:FSUN) insider Mollie H. Carter acquired 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, with a total value of $38,003,177.00. Following the completion of the acquisition, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Firstsun Capital Bancorp Stock Up 0.9 %

Shares of Firstsun Capital Bancorp stock opened at $38.29 on Friday. The business has a 50-day moving average of $40.27 and a 200-day moving average of $40.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. 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 quarterly earnings results on Monday, January 27th. The company reported $0.86 EPS 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%. On average, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in Firstsun Capital Bancorp by 165.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock worth $26,000 after acquiring an additional 405 shares during the last quarter. Quantbot Technologies LP bought a new position in Firstsun Capital Bancorp in the fourth quarter worth about $49,000. Bank of America Corp DE lifted its holdings in Firstsun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock worth $161,000 after acquiring an additional 3,919 shares during the last quarter. EntryPoint Capital LLC bought a new position in Firstsun Capital Bancorp in the fourth quarter worth about $220,000. Finally, King Luther Capital Management Corp bought a new position in Firstsun Capital Bancorp in the fourth quarter worth about $250,000.

Wall Street Analyst Weigh In

A number of 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 report on Tuesday, November 19th. Piper Sandler began coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a 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.