Firstsun Capital Bancorp (NASDAQ:FSUN) Insider Mollie H. Carter Buys 1,025,450 Shares

Firstsun Capital Bancorp (NASDAQ:FSUN) insider Mollie H. Carter purchased 1,025,450 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the purchase, the insider now directly owns 666,500 shares in the company, valued at $24,700,490. This represents a -285.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Firstsun Capital Bancorp Trading Up 1.0 %

FSUN stock opened at $38.68 on Friday. 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 12 month low of $33.31 and a 12 month high of $45.32. The firm has a 50-day moving average of $40.26 and a two-hundred day moving average of $40.17.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $51.00 price target on the stock. Finally, Raymond James raised shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Tuesday, November 19th.

Institutional Trading of Firstsun Capital Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $284,000. Two Sigma Investments LP acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $1,526,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $641,000. Millennium Management LLC increased its holdings in shares of Firstsun Capital Bancorp by 223.9% during the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock worth $2,218,000 after buying an additional 38,276 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $514,000.

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.