Salzhauer Michael Grows Holdings in FirstSun Capital Bancorp (NASDAQ:FSUN)

Salzhauer Michael raised its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 12.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 56,804 shares of the company’s stock after purchasing an additional 6,279 shares during the quarter. FirstSun Capital Bancorp accounts for about 0.8% of Salzhauer Michael’s portfolio, making the stock its 20th largest position. Salzhauer Michael’s holdings in FirstSun Capital Bancorp were worth $2,053,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new position in FirstSun Capital Bancorp in the fourth quarter worth $986,000. Millennium Management LLC lifted its stake in FirstSun Capital Bancorp by 223.9% during the fourth quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock worth $2,218,000 after purchasing an additional 38,276 shares during the last quarter. Barclays PLC purchased a new position in shares of FirstSun Capital Bancorp in the 4th quarter worth about $336,000. Janus Henderson Group PLC bought a new position in shares of FirstSun Capital Bancorp during the 4th quarter valued at about $514,000. Finally, Geode Capital Management LLC raised its holdings in shares of FirstSun Capital Bancorp by 60.7% during the 4th quarter. Geode Capital Management LLC now owns 115,577 shares of the company’s stock valued at $4,631,000 after buying an additional 43,655 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on FirstSun Capital Bancorp in a research report on Tuesday, May 6th. They issued an “overweight” rating and a $44.00 target price for the company.

FirstSun Capital Bancorp Price Performance

FSUN stock opened at $33.70 on Thursday. The firm has a market cap of $937.87 million and a P/E ratio of 10.94. The firm’s fifty day moving average is $35.24 and its 200 day moving average is $37.79. FirstSun Capital Bancorp has a 52 week low of $31.70 and a 52 week high of $45.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.01.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 9.34% and a net margin of 15.84%. Research analysts predict that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Activity

In other news, Director John Fleshood bought 2,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $35.38 per share, for a total transaction of $70,760.00. Following the completion of the acquisition, the director now owns 2,050 shares of the company’s stock, valued at approximately $72,529. This trade represents a 4,000.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.52% of the stock is currently owned by corporate insiders.

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.