John Fleshood Acquires 2,000 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) Stock

Firstsun Capital Bancorp (NASDAQ:FSUN) Director John Fleshood bought 2,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were acquired at an average cost of $35.38 per share, with a total value of $70,760.00. Following the purchase, the director now owns 2,050 shares of the company’s stock, valued at approximately $72,529. This represents a 4,000.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $36.39 on Monday. The business’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $38.29. Firstsun Capital Bancorp has a one year low of $31.70 and a one year high of $45.32. The stock has a market capitalization of $1.01 billion and a PE ratio of 11.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, April 28th. The company reported $0.83 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $99.11 million. As a group, research analysts forecast that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FSUN. Piper Sandler began coverage on Firstsun Capital Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $51.00 price objective for the company. Stephens began coverage on Firstsun Capital Bancorp in a research note on Tuesday, May 6th. They issued an “overweight” rating and a $44.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Hedge Funds Weigh In On Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Firstsun Capital Bancorp by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company’s stock worth $2,669,000 after buying an additional 542 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Firstsun Capital Bancorp by 2.9% during the 4th quarter. Northern Trust Corp now owns 22,317 shares of the company’s stock worth $894,000 after buying an additional 625 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $49,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Firstsun Capital Bancorp during the 1st quarter worth approximately $69,000.

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.