Kennedy Capital Management LLC Makes New Investment in Firstsun Capital Bancorp (NASDAQ:FSUN)

Kennedy Capital Management LLC purchased a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 65,368 shares of the company's stock, valued at approximately $2,618,000. Kennedy Capital Management LLC owned 0.24% of Firstsun Capital Bancorp at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Firstsun Capital Bancorp during the fourth quarter worth $49,000. EntryPoint Capital LLC purchased a new position in Firstsun Capital Bancorp during the 4th quarter worth $220,000. King Luther Capital Management Corp acquired a new position in Firstsun Capital Bancorp during the 4th quarter valued at about $250,000. State Street Corp purchased a new stake in Firstsun Capital Bancorp in the third quarter valued at about $1,367,000. Finally, Empowered Funds LLC acquired a new stake in Firstsun Capital Bancorp in the fourth quarter worth about $1,430,000.

Firstsun Capital Bancorp Trading Up 0.7 %

Shares of FSUN stock traded up $0.25 during mid-day trading on Friday, reaching $33.97. The stock had a trading volume of 129,102 shares, compared to its average volume of 51,632. Firstsun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The business's fifty day moving average is $37.79 and its 200-day moving average is $38.89.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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, research analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mollie H. Carter bought 1,025,450 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the insider now directly owns 666,500 shares in the company, valued at approximately $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

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.