Mendon Capital Advisors Corp Buys 20,000 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Mendon Capital Advisors Corp boosted its position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 73.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,115 shares of the company's stock after acquiring an additional 20,000 shares during the period. Firstsun Capital Bancorp accounts for 0.9% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 29th biggest holding. Mendon Capital Advisors Corp owned approximately 0.17% of Firstsun Capital Bancorp worth $1,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FSUN. Wellington Management Group LLP lifted its position in shares of Firstsun Capital Bancorp by 8.6% during the 4th 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 last quarter. Vanguard Group Inc. lifted its holdings 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 worth $21,394,000 after buying an additional 57,058 shares during the last quarter. Stieven Capital Advisors L.P. bought a new stake in shares of Firstsun Capital Bancorp in the fourth quarter valued at approximately $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 worth $5,011,000 after acquiring an additional 118,242 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 acquiring an additional 43,655 shares during the period.

Insiders Place Their Bets

In other news, insider Mollie H. Carter bought 1,025,450 shares of Firstsun Capital Bancorp stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the purchase, the insider now owns 666,500 shares of the company's stock, valued at approximately $24,700,490. This trade 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 through this link. Corporate insiders own 12.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Firstsun Capital Bancorp Price Performance

Shares of NASDAQ FSUN traded up $0.38 during trading hours on Friday, reaching $36.05. The stock had a trading volume of 51,537 shares, compared to its average volume of 52,687. Firstsun Capital Bancorp has a twelve month low of $31.70 and a twelve month high of $45.32. 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 business's fifty day moving average is $37.00 and its two-hundred day moving average is $38.66.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. As a group, equities analysts anticipate 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.