Geode Capital Management LLC Grows Stock Holdings in Firstsun Capital Bancorp (NASDAQ:FSUN)

Geode Capital Management LLC grew its position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 60.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,577 shares of the company’s stock after purchasing an additional 43,655 shares during the period. Geode Capital Management LLC owned about 0.42% of Firstsun Capital Bancorp worth $4,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSUN. Quantbot Technologies LP bought a new stake in Firstsun Capital Bancorp in the 4th quarter worth approximately $49,000. EntryPoint Capital LLC bought a new stake in shares of Firstsun Capital Bancorp in the 4th quarter worth approximately $220,000. King Luther Capital Management Corp purchased a new stake in shares of Firstsun Capital Bancorp in the 4th quarter valued at $250,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter valued at $1,367,000. Finally, Empowered Funds LLC bought a new position in shares of Firstsun Capital Bancorp during the 4th quarter valued at $1,430,000.

Firstsun Capital Bancorp Trading Up 1.1 %

FSUN stock opened at $36.05 on Friday. The firm’s 50-day moving average price is $37.00 and its two-hundred day moving average price is $38.66. 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 12-month low of $31.70 and a 12-month high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. As a group, analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Insider Transactions at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the purchase, the insider now directly owns 666,500 shares of the company’s stock, valued at $24,700,490. The trade was a -285.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on FSUN shares. Keefe, Bruyette & Woods reissued 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 began coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price for the company.

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.