Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,577 shares of the company's stock after purchasing an additional 43,655 shares during the period. Geode Capital Management LLC owned approximately 0.42% of Firstsun Capital Bancorp worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp purchased a new position in Firstsun Capital Bancorp in the third quarter worth $1,367,000. Empowered Funds LLC bought a new stake in shares of Firstsun Capital Bancorp in the 4th quarter worth approximately $1,430,000. Salzhauer Michael purchased a new position in Firstsun Capital Bancorp in the fourth quarter valued at approximately $2,024,000. Stieven Capital Advisors L.P. bought a new position in Firstsun Capital Bancorp during the fourth quarter valued at $18,743,000. Finally, Charles Schwab Investment Management Inc. increased its position in Firstsun Capital Bancorp by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company's stock worth $2,669,000 after buying an additional 542 shares during the last quarter.

Firstsun Capital Bancorp Trading Up 0.7 %

Shares of FSUN traded up $0.25 during trading hours on Thursday, reaching $35.24. 7,696 shares of the company's stock traded hands, compared to its average volume of 53,122. 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 firm's 50 day simple moving average is $36.63 and its 200-day simple moving average is $38.56. Firstsun Capital Bancorp has a 12 month low of $31.70 and a 12 month high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. The business had revenue of $97.40 million during the quarter, compared to analysts' expectations of $99.11 million. Sell-side analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Insider Buying and Selling at Firstsun Capital Bancorp

In other news, insider Mollie H. Carter acquired 1,025,450 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought 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 in the company, valued at approximately $24,700,490. This represents a -285.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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. Piper Sandler began coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $51.00 target price on the stock.

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.