Bridgeway Capital Management LLC Buys New Shares in Firstsun Capital Bancorp (NASDAQ:FSUN)

Bridgeway Capital Management LLC purchased a new position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,715 shares of the company's stock, valued at approximately $1,831,000. Bridgeway Capital Management LLC owned 0.17% of Firstsun Capital Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Firstsun Capital Bancorp by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company's stock worth $105,178,000 after buying an additional 207,774 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Firstsun Capital Bancorp by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 534,193 shares of the company's stock valued at $21,394,000 after purchasing an additional 57,058 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new position in shares of Firstsun Capital Bancorp in the 4th quarter valued at $18,743,000. Marshall Wace LLP grew its stake in shares of Firstsun Capital Bancorp by 1,721.6% in the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company's stock valued at $5,011,000 after buying an additional 118,242 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Firstsun Capital Bancorp by 60.7% during the fourth quarter. Geode Capital Management LLC now owns 115,577 shares of the company's stock worth $4,631,000 after purchasing an additional 43,655 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FSUN shares. Piper Sandler began coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an "overweight" rating and a $51.00 target price on the stock. 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. Finally, Stephens started coverage on Firstsun Capital Bancorp in a report on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 target price for the company.

Insider Activity at Firstsun Capital Bancorp

In related news, Director John Fleshood acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $35.38 per share, with a total value of $70,760.00. Following the acquisition, the director now owns 2,050 shares of the company's stock, valued at approximately $72,529. This trade represents a 4,000.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mollie H. Carter acquired 1,025,450 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the transaction, the insider now directly owns 666,500 shares of the company's stock, valued at $24,700,490. This represents a -285.68% increase in their position. The disclosure for this purchase can be found here. 12.52% of the stock is currently owned by company insiders.

Firstsun Capital Bancorp Stock Down 0.6%

Shares of FSUN stock traded down $0.21 on Thursday, hitting $36.62. 21,544 shares of the stock were exchanged, compared to its average volume of 57,338. The business has a 50-day moving average of $35.91 and a 200 day moving average of $38.24. Firstsun Capital Bancorp has a fifty-two week low of $31.70 and a fifty-two week high of $45.32. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.02 billion and a P/E ratio of 11.89.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $99.11 million. Equities analysts anticipate 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.