FirstSun Capital Bancorp (NASDAQ:FSUN) Shares Sold by ELCO Management Co. LLC

ELCO Management Co. LLC decreased its holdings in FirstSun Capital Bancorp (NASDAQ:FSUN - Free Report) by 25.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 20,000 shares of the company's stock after selling 6,855 shares during the period. ELCO Management Co. LLC owned approximately 0.07% of FirstSun Capital Bancorp worth $723,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of 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 valued at $105,178,000 after purchasing an additional 207,774 shares during the period. Vanguard Group Inc. raised its stake in shares of FirstSun Capital Bancorp by 12.0% during the fourth 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 during the period. Marshall Wace LLP raised its stake in shares of FirstSun Capital Bancorp by 1,721.6% during the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company's stock valued at $5,011,000 after purchasing an additional 118,242 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $4,631,000 after purchasing an additional 43,655 shares during the period. Finally, Rhino Investment Partners Inc purchased a new stake in shares of FirstSun Capital Bancorp during the fourth quarter valued at approximately $3,177,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of FirstSun Capital Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday. Stephens assumed 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 on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

FirstSun Capital Bancorp Stock Up 0.6%

Shares of FSUN stock traded up $0.24 during mid-day trading on Wednesday, reaching $37.89. 110,334 shares of the company were exchanged, compared to its average volume of 78,966. 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 debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market capitalization of $1.05 billion and a P/E ratio of 12.30. The business's 50 day simple moving average is $35.76 and its 200 day simple moving average is $37.39.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. FirstSun Capital Bancorp had a net margin of 15.84% and a return on equity of 9.34%. The business had revenue of $97.40 million during the quarter, compared to the consensus estimate of $99.11 million. Research analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director John Fleshood acquired 2,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $35.38 per share, with a total value of $70,760.00. Following the completion of the acquisition, the director directly owned 2,050 shares in the company, valued at $72,529. This trade represents a 4,000.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.52% of the company's stock.

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.