Bank of America Corp DE Acquires 3,919 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Bank of America Corp DE lifted its holdings in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 4,306.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,010 shares of the company’s stock after acquiring an additional 3,919 shares during the quarter. Bank of America Corp DE’s holdings in Firstsun Capital Bancorp were worth $161,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FSUN. Tower Research Capital LLC TRC lifted its holdings in Firstsun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $49,000. EntryPoint Capital LLC acquired a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth about $220,000. King Luther Capital Management Corp bought a new stake in shares of Firstsun Capital Bancorp during the 4th quarter worth about $250,000. Finally, Barclays PLC acquired a new position in Firstsun Capital Bancorp in the 4th quarter valued at about $336,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FSUN. Piper Sandler started coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $51.00 price target on the stock. Stephens assumed coverage on Firstsun Capital Bancorp in a research note on Tuesday, May 6th. They set an “overweight” rating and a $44.00 target price on the stock.

Firstsun Capital Bancorp Price Performance

NASDAQ:FSUN opened at $33.37 on Monday. 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. The firm’s 50-day simple moving average is $35.23 and its 200 day simple moving average is $38.06. The firm has a market cap of $928.79 million and a price-to-earnings ratio of 10.83.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $99.11 million. As a group, sell-side analysts predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Fleshood acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $35.38 per share, with a total value of $70,760.00. Following the completion of the transaction, the director now directly owns 2,050 shares of the company’s stock, valued at $72,529. This trade represents a 4,000.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.52% of the stock is currently owned by company insiders.

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.