Dimensional Fund Advisors LP Invests $986,000 in Firstsun Capital Bancorp (NASDAQ:FSUN)

Dimensional Fund Advisors LP bought a new stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,620 shares of the company's stock, valued at approximately $986,000. Dimensional Fund Advisors LP owned about 0.09% of Firstsun Capital Bancorp at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Firstsun Capital Bancorp in the fourth quarter valued at approximately $336,000. Geode Capital Management LLC lifted its position in Firstsun Capital Bancorp by 60.7% in the fourth quarter. Geode Capital Management LLC now owns 115,577 shares of the company's stock valued at $4,631,000 after purchasing an additional 43,655 shares during the last quarter. Empowered Funds LLC purchased a new stake in Firstsun Capital Bancorp during the 4th quarter valued at $1,430,000. Salzhauer Michael purchased a new position in Firstsun Capital Bancorp during the 4th quarter valued at about $2,024,000. Finally, 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.

Firstsun Capital Bancorp Price Performance

Shares of Firstsun Capital Bancorp stock traded up $0.14 on Monday, hitting $37.00. 109,566 shares of the company traded hands, compared to its average volume of 58,421. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market capitalization of $1.03 billion and a P/E ratio of 12.01. The business has a 50-day simple moving average of $35.88 and a 200 day simple moving average of $38.22. Firstsun Capital Bancorp has a 52 week low of $31.70 and a 52 week high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $97.40 million for the quarter, compared to analysts' expectations of $99.11 million. Research analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Transactions at Firstsun Capital Bancorp

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

Wall Street Analysts Forecast Growth

FSUN has been the topic of a number of recent research reports. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They issued an "overweight" rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Finally, Stephens started coverage on shares of Firstsun Capital Bancorp in a research note on Tuesday, May 6th. They set an "overweight" rating and a $44.00 price objective for the company.

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.