Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Acquired by Millennium Management LLC

Millennium Management LLC grew its stake in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 223.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,369 shares of the company's stock after buying an additional 38,276 shares during the quarter. Millennium Management LLC owned 0.20% of Firstsun Capital Bancorp worth $2,218,000 as of its most recent filing with the SEC.

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

Firstsun Capital Bancorp Stock Performance

NASDAQ FSUN traded down $0.34 on Thursday, reaching $34.55. The stock had a trading volume of 57,274 shares, compared to its average volume of 61,360. 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 12-month low of $31.70 and a 12-month high of $45.32. The business's 50-day moving average price is $35.25 and its 200 day moving average price is $38.19. The stock has a market cap of $961.63 million and a P/E ratio of 11.22.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.83 earnings per share (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 business had revenue of $97.40 million for the quarter, compared to analyst estimates of $99.11 million. As a group, equities analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Analyst Ratings Changes

FSUN has been the subject of several recent analyst reports. Stephens initiated coverage on Firstsun Capital Bancorp in a research note on Tuesday, May 6th. They set an "overweight" rating and a $44.00 target price for the company. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an "overweight" rating and a $51.00 target price for the company.

Insider Buying and Selling at Firstsun Capital Bancorp

In other news, Director John Fleshood bought 2,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought 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 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mollie H. Carter bought 1,025,450 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the acquisition, the insider now directly owns 666,500 shares of the company's stock, valued at $24,700,490. The trade was a -285.68% increase in their position. The disclosure for this purchase can be found here. 12.52% of the stock is owned by corporate insiders.

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.