Marshall Wace LLP Buys 118,242 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Marshall Wace LLP increased its position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 1,721.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,110 shares of the company's stock after acquiring an additional 118,242 shares during the quarter. Marshall Wace LLP owned about 0.45% of Firstsun Capital Bancorp worth $5,011,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Firstsun Capital Bancorp in the 4th quarter worth about $49,000. EntryPoint Capital LLC purchased a new position in Firstsun Capital Bancorp during the 4th quarter valued at about $220,000. King Luther Capital Management Corp purchased a new position in Firstsun Capital Bancorp during the 4th quarter valued at about $250,000. Barclays PLC purchased a new position in Firstsun Capital Bancorp during the 4th quarter valued at about $336,000. Finally, State Street Corp purchased a new position in Firstsun Capital Bancorp during the 3rd quarter valued at about $1,367,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FSUN. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $51.00 target price for the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Insiders Place Their Bets

In other news, insider Mollie H. Carter purchased 1,025,450 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $37.06 per share, with a total value of $38,003,177.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.52% of the company's stock.

Firstsun Capital Bancorp Price Performance

FSUN traded down $0.33 during midday trading on Wednesday, hitting $34.99. The stock had a trading volume of 88,469 shares, compared to its average volume of 53,293. The business has a fifty day moving average of $36.63 and a 200 day moving average of $38.56. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. Firstsun Capital Bancorp has a 1 year low of $31.70 and a 1 year high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $97.40 million during the quarter, compared to analyst estimates of $99.11 million. Equities research analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current 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.