Rhino Investment Partners Inc Invests $3.18 Million in Firstsun Capital Bancorp (NASDAQ:FSUN)

Rhino Investment Partners Inc bought a new position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,333 shares of the company's stock, valued at approximately $3,177,000. Rhino Investment Partners Inc owned approximately 0.29% of Firstsun Capital Bancorp at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at about $3,066,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp in the third quarter worth approximately $1,367,000. Mendon Capital Advisors Corp raised its holdings in Firstsun Capital Bancorp by 73.8% during the 4th quarter. Mendon Capital Advisors Corp now owns 47,115 shares of the company's stock valued at $1,887,000 after buying an additional 20,000 shares during the last quarter. Empowered Funds LLC purchased a new stake in Firstsun Capital Bancorp during the 4th quarter valued at $1,430,000. Finally, Salzhauer Michael bought a new stake in Firstsun Capital Bancorp in the 4th quarter worth $2,024,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FSUN. Stephens began coverage on Firstsun Capital Bancorp in a report on Tuesday. They issued an "overweight" rating and a $44.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Finally, Piper Sandler initiated coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an "overweight" rating and a $51.00 target price on the stock.

Firstsun Capital Bancorp Stock Performance

NASDAQ FSUN traded up $0.69 during trading hours on Tuesday, hitting $36.19. 31,255 shares of the company's stock traded hands, compared to its average volume of 54,452. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. Firstsun Capital Bancorp has a 52 week low of $31.70 and a 52 week high of $45.32. The firm has a market capitalization of $1.00 billion and a P/E ratio of 11.75. The business's fifty day moving average price is $36.34 and its two-hundred day moving average price is $38.41.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $97.40 million for the quarter, compared to the consensus estimate of $99.11 million. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Equities research analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Insider Activity

In related news, insider Mollie H. Carter bought 1,025,450 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.52% of the company's stock.

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.