Tower Research Capital LLC TRC Buys 405 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Tower Research Capital LLC TRC lifted its stake in Firstsun Capital Bancorp (NASDAQ:FSUN) by 165.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650 shares of the company’s stock after acquiring an additional 405 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Firstsun Capital Bancorp were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Firstsun Capital Bancorp by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company’s stock worth $2,669,000 after acquiring an additional 542 shares during the period. Quantbot Technologies LP bought a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth approximately $49,000. EntryPoint Capital LLC bought a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth approximately $220,000. King Luther Capital Management Corp bought a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth approximately $250,000. Finally, Barclays PLC bought a new stake in shares of Firstsun Capital Bancorp in the fourth quarter worth approximately $336,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens assumed coverage on shares of Firstsun Capital Bancorp in a research report on Tuesday, May 6th. They set an “overweight” rating and a $44.00 target price for the company. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price for the company. Finally, 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 report on Monday, February 3rd.

Insiders Place Their Bets

In other news, Director John Fleshood purchased 2,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $35.38 per share, for a total transaction of $70,760.00. Following the completion of the transaction, the director now directly owns 2,050 shares in the company, valued at $72,529. This trade represents a 4,000.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mollie H. Carter purchased 1,025,450 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. This trade represents a -285.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.52% of the company’s stock.

Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN opened at $36.86 on Friday. The firm has a 50 day moving average of $35.88 and a 200 day moving average of $38.20. 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 firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of 11.97. 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 quarterly earnings results on Monday, April 28th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $97.40 million during the quarter, compared to analyst estimates of $99.11 million. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, research analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Firstsun Capital Bancorp 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.