Wellington Management Group LLP Has $105.18 Million Stake in Firstsun Capital Bancorp (NASDAQ:FSUN)

Wellington Management Group LLP increased its stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626,167 shares of the company’s stock after buying an additional 207,774 shares during the quarter. Wellington Management Group LLP owned about 0.09% of Firstsun Capital Bancorp worth $105,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new stake in Firstsun Capital Bancorp during the third quarter worth about $2,816,000. Geode Capital Management LLC acquired a new position in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $3,066,000. State Street Corp bought a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth approximately $1,367,000. Empowered Funds LLC bought a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $1,430,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth approximately $42,772,000.

Firstsun Capital Bancorp Trading Down 4.4 %

Shares of Firstsun Capital Bancorp stock opened at $34.88 on Friday. The company’s 50 day moving average price is $39.89 and its two-hundred day moving average price is $39.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. Firstsun Capital Bancorp has a fifty-two week low of $33.31 and a fifty-two week high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share 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%. On average, equities analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Transactions 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 that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the transaction, the insider now directly owns 666,500 shares in the company, valued at approximately $24,700,490. This represents a -285.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $47.00 target price (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. 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 price objective for the company.

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.