Salzhauer Michael Makes New $2.02 Million Investment in Firstsun Capital Bancorp (NASDAQ:FSUN)

Salzhauer Michael bought a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 50,525 shares of the company’s stock, valued at approximately $2,024,000. Firstsun Capital Bancorp comprises about 0.7% of Salzhauer Michael’s holdings, making the stock its 21st biggest holding.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Firstsun Capital Bancorp during the 4th quarter valued at $49,000. EntryPoint Capital LLC bought a new stake in shares of Firstsun Capital Bancorp during the fourth quarter worth $220,000. King Luther Capital Management Corp bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $250,000. Barclays PLC acquired a new position in Firstsun Capital Bancorp during the 4th quarter worth about $336,000. Finally, State Street Corp bought a new stake in Firstsun Capital Bancorp during the 3rd quarter worth about $1,367,000.

Insiders Place Their Bets

In related news, insider Mollie H. Carter purchased 1,025,450 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the purchase, the insider now directly owns 666,500 shares in the company, valued at $24,700,490. This trade represents a -285.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.52% of the company’s stock.

Firstsun Capital Bancorp Price Performance

Shares of FSUN stock opened at $33.72 on Thursday. Firstsun Capital Bancorp has a 12 month low of $31.70 and a 12 month high of $45.32. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $38.14 and a 200 day moving average price of $39.01.

Firstsun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, topping the consensus estimate 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, analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FSUN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued 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 initiated coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They issued 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.