Kennedy Capital Management LLC Buys Shares of 65,368 Firstsun Capital Bancorp (NASDAQ:FSUN)

Kennedy Capital Management LLC purchased a new position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 65,368 shares of the company’s stock, valued at approximately $2,618,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FSUN. Wellington Management Group LLP lifted its stake in shares of Firstsun Capital Bancorp by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company’s stock valued at $105,178,000 after buying an additional 207,774 shares during the period. Vanguard Group Inc. raised its holdings in Firstsun Capital Bancorp by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 534,193 shares of the company’s stock valued at $21,394,000 after acquiring an additional 57,058 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth $18,743,000. Geode Capital Management LLC boosted its holdings in shares of Firstsun Capital Bancorp by 60.7% during the fourth quarter. Geode Capital Management LLC now owns 115,577 shares of the company’s stock worth $4,631,000 after purchasing an additional 43,655 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Firstsun Capital Bancorp by 0.8% in 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 period.

Insider Buying and Selling at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter bought 1,025,450 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the purchase, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. The trade was a -285.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on FSUN. Piper Sandler began coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Firstsun Capital Bancorp Stock Up 0.1 %

Shares of FSUN opened at $32.56 on Monday. Firstsun Capital Bancorp has a twelve month low of $31.70 and a twelve month high of $45.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $38.66 and its 200 day simple moving average is $39.14.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Equities research analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current 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.