Two Sigma Investments LP Takes $1.53 Million Position in Firstsun Capital Bancorp (NASDAQ:FSUN)

Two Sigma Investments LP acquired a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,100 shares of the company’s stock, valued at approximately $1,526,000. Two Sigma Investments LP owned 0.14% of Firstsun Capital Bancorp at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Stieven Capital Advisors L.P. bought a new position in Firstsun Capital Bancorp in the fourth quarter worth $18,743,000. Wellington Management Group LLP lifted its position in Firstsun Capital Bancorp by 8.6% in the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company’s stock worth $105,178,000 after purchasing an additional 207,774 shares during the period. Marshall Wace LLP lifted its position in Firstsun Capital Bancorp by 1,721.6% in the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company’s stock worth $5,011,000 after purchasing an additional 118,242 shares during the period. Rhino Investment Partners Inc bought a new position in Firstsun Capital Bancorp in the fourth quarter worth $3,177,000. Finally, Susquehanna International Group LLP bought a new position in Firstsun Capital Bancorp in the fourth quarter worth $3,100,000.

Insider Buying and Selling at Firstsun Capital Bancorp

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

Analyst Upgrades and Downgrades

FSUN has been the subject of several research reports. Stephens initiated coverage on Firstsun Capital Bancorp in a research report on Tuesday, May 6th. They issued an “overweight” rating and a $44.00 target price for the company. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They issued an “overweight” rating and a $51.00 target price for the company.

Firstsun Capital Bancorp Stock Down 0.7%

Shares of NASDAQ FSUN opened at $35.01 on Wednesday. The stock has a market cap of $974.43 million and a PE ratio of 11.37. The business has a fifty day moving average of $35.30 and a two-hundred day moving average of $38.21. Firstsun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. 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 (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $97.40 million during the quarter, compared to analysts’ expectations of $99.11 million. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. As a group, equities research analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

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.