Susquehanna International Group LLP Buys Shares of 77,395 Firstsun Capital Bancorp (NASDAQ:FSUN)

Susquehanna International Group LLP purchased a new stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 77,395 shares of the company's stock, valued at approximately $3,100,000. Susquehanna International Group LLP owned approximately 0.28% of Firstsun Capital Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Firstsun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after buying an additional 405 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Firstsun Capital Bancorp by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company's stock valued at $2,669,000 after purchasing an additional 542 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Firstsun Capital Bancorp in the 4th quarter worth about $49,000. EntryPoint Capital LLC bought a new stake in shares of Firstsun Capital Bancorp during the 4th quarter valued at about $220,000. Finally, King Luther Capital Management Corp acquired a new stake in Firstsun Capital Bancorp during the fourth quarter worth about $250,000.

Insiders Place Their Bets

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of the 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 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Fleshood acquired 2,000 shares of Firstsun Capital Bancorp stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $35.38 per share, with a total value of $70,760.00. Following the completion of the purchase, the director now owns 2,050 shares in the company, valued at approximately $72,529. This represents a 4,000.00 % increase in their position. The disclosure for this purchase can be found here. 12.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FSUN. Piper Sandler assumed coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an "overweight" rating and a $51.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Finally, Stephens started coverage on Firstsun Capital Bancorp in a report on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 price objective for the company.

Firstsun Capital Bancorp Price Performance

Firstsun Capital Bancorp stock traded up $0.17 during trading hours on Friday, hitting $36.39. 60,843 shares of the company traded hands, compared to its average volume of 56,314. Firstsun Capital Bancorp has a 1-year low of $31.70 and a 1-year high of $45.32. The firm has a market cap of $1.01 billion and a P/E ratio of 11.81. The firm's 50-day simple moving average is $36.04 and its two-hundred day simple moving average is $38.30. 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 (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $99.11 million. 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 earnings per share for the current fiscal year.

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.