Salzhauer Michael Invests $2.02 Million in Firstsun Capital Bancorp (NASDAQ:FSUN)

Salzhauer Michael acquired a new position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 50,525 shares of the company's stock, valued at approximately $2,024,000. Firstsun Capital Bancorp comprises approximately 0.7% of Salzhauer Michael's holdings, making the stock its 21st biggest holding. Salzhauer Michael owned about 0.18% of Firstsun Capital Bancorp at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC bought a new position in shares of Firstsun Capital Bancorp during the third quarter valued at $3,066,000. State Street Corp bought a new stake in shares of Firstsun Capital Bancorp in the third quarter worth $1,367,000. Empowered Funds LLC purchased a new stake in shares of Firstsun Capital Bancorp during the 4th quarter valued at about $1,430,000. Stieven Capital Advisors L.P. purchased a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth $18,743,000. Finally, Vanguard Group Inc. lifted its position in Firstsun Capital Bancorp by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 534,193 shares of the company's stock valued at $21,394,000 after purchasing an additional 57,058 shares in the last quarter.

Analysts Set New Price Targets

FSUN has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Piper Sandler began coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an "overweight" rating and a $51.00 target price on the stock.

Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ:FSUN traded up $1.20 on Tuesday, reaching $34.74. The company's stock had a trading volume of 12,538 shares, compared to its average volume of 51,567. The company has a 50-day simple moving average of $37.58 and a 200 day simple moving average of $38.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. Firstsun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32.

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, topping the consensus estimate 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, analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Activity

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the purchase, the insider now owns 666,500 shares of the company's stock, valued at approximately $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.52% of the company's stock.

Firstsun Capital Bancorp 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.