45,715 Shares in Firstsun Capital Bancorp (NASDAQ:FSUN) Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC acquired a new position in Firstsun Capital Bancorp (NASDAQ:FSUN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 45,715 shares of the company’s stock, valued at approximately $1,831,000. Bridgeway Capital Management LLC owned 0.17% of Firstsun Capital Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 207,774 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Firstsun Capital Bancorp by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 534,193 shares of the company’s stock worth $21,394,000 after purchasing an additional 57,058 shares during the period. Stieven Capital Advisors L.P. acquired a new position in shares of Firstsun Capital Bancorp during the fourth quarter valued at about $18,743,000. Marshall Wace LLP grew its position in Firstsun Capital Bancorp by 1,721.6% during the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company’s stock worth $5,011,000 after buying an additional 118,242 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Firstsun Capital Bancorp by 60.7% during the fourth quarter. Geode Capital Management LLC now owns 115,577 shares of the company’s stock valued at $4,631,000 after acquiring an additional 43,655 shares during the period.

Analyst Ratings Changes

A number of brokerages recently commented on FSUN. Stephens assumed coverage on Firstsun Capital Bancorp in a research note on Tuesday. They issued an “overweight” rating and a $44.00 target price for the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Finally, Piper Sandler started 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 target for the company.

Firstsun Capital Bancorp Price Performance

NASDAQ:FSUN opened at $36.39 on Friday. The firm has a market cap of $1.01 billion and a PE ratio of 11.81. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $38.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. 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 released its quarterly earnings results on Monday, April 28th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The firm 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%. On average, equities analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling

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

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.