Vanguard Group Inc. Increases Holdings in Firstsun Capital Bancorp (NASDAQ:FSUN)

Vanguard Group Inc. increased its holdings in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,193 shares of the company's stock after buying an additional 57,058 shares during the quarter. Vanguard Group Inc. owned about 1.93% of Firstsun Capital Bancorp worth $21,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSUN. Quantbot Technologies LP purchased a new stake in shares of Firstsun Capital Bancorp in the 4th quarter valued at $49,000. King Luther Capital Management Corp acquired a new position in Firstsun Capital Bancorp during the fourth quarter valued at $250,000. State Street Corp purchased a new stake in Firstsun Capital Bancorp in the third quarter valued at $1,367,000. Empowered Funds LLC acquired a new stake in Firstsun Capital Bancorp during the 4th quarter worth about $1,430,000. Finally, Salzhauer Michael acquired a new stake in Firstsun Capital Bancorp during the 4th quarter worth about $2,024,000.

Insider Activity

In related news, insider Mollie H. Carter bought 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 transaction, the insider now directly owns 666,500 shares in the company, valued at $24,700,490. This trade represents a -285.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.52% of the company's stock.

Firstsun Capital Bancorp Trading Up 0.7 %

Shares of Firstsun Capital Bancorp stock traded up $0.25 during trading hours on Friday, reaching $33.97. The stock had a trading volume of 129,102 shares, compared to its average volume of 51,632. The stock's 50 day moving average is $37.79 and its 200 day moving average is $38.85. 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 twelve month low of $31.70 and a twelve month high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. As a group, equities analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

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

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.