Millennium Management LLC Acquires 38,276 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Millennium Management LLC raised its stake in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 223.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,369 shares of the company's stock after acquiring an additional 38,276 shares during the period. Millennium Management LLC owned approximately 0.20% of Firstsun Capital Bancorp worth $2,218,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Firstsun Capital Bancorp by 8.6% in the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company's stock worth $105,178,000 after purchasing an additional 207,774 shares during the period. Vanguard Group Inc. grew 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 buying an additional 57,058 shares in the last quarter. Stieven Capital Advisors L.P. bought a new position in Firstsun Capital Bancorp in the 4th quarter valued at about $18,743,000. Marshall Wace LLP raised its position in shares of Firstsun Capital Bancorp by 1,721.6% in the 4th 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 holdings in shares of Firstsun Capital Bancorp by 60.7% during the 4th quarter. Geode Capital Management LLC now owns 115,577 shares of the company's stock worth $4,631,000 after acquiring an additional 43,655 shares during the period.

Analysts Set New Price Targets

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

Insider Transactions at Firstsun Capital Bancorp

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

Firstsun Capital Bancorp Price Performance

FSUN stock traded down $0.24 during trading on Tuesday, reaching $35.01. 155 shares of the company were exchanged, compared to its average volume of 60,475. The company has a market capitalization of $974.43 million and a price-to-earnings ratio of 11.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50-day moving average of $35.37 and a two-hundred day moving average of $38.23. Firstsun Capital Bancorp has a twelve month low of $31.70 and a twelve month high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $97.40 million during the quarter, compared to the consensus estimate of $99.11 million. As a group, equities analysts predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

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.