Vanguard Group Inc. Buys 57,058 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Vanguard Group Inc. increased its stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 12.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 534,193 shares of the company’s stock after purchasing an additional 57,058 shares during the period. Vanguard Group Inc. owned 1.93% of Firstsun Capital Bancorp worth $21,394,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FSUN. Geode Capital Management LLC purchased a new stake in shares of Firstsun Capital Bancorp in the third quarter worth about $3,066,000. State Street Corp purchased a new stake in Firstsun Capital Bancorp in the 3rd quarter worth approximately $1,367,000. Empowered Funds LLC bought a new position in Firstsun Capital Bancorp in the 4th quarter valued at $1,430,000. Stieven Capital Advisors L.P. purchased a new position in shares of Firstsun Capital Bancorp during the 4th quarter valued at $18,743,000. Finally, Salzhauer Michael purchased a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth $2,024,000.

Firstsun Capital Bancorp Stock Up 2.4 %

Shares of NASDAQ:FSUN opened at $34.08 on Wednesday. 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 52-week low of $31.70 and a 52-week high of $45.32. The firm has a fifty day moving average of $38.30 and a 200 day moving average of $39.04.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (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%. Sell-side analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter bought 1,025,450 shares of Firstsun Capital Bancorp stock in a transaction that occurred on 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 acquisition, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. This trade represents a -285.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods restated 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 on the stock.

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.