Firstsun Capital Bancorp (NASDAQ:FSUN) Director Buys $70,760.00 in Stock

Firstsun Capital Bancorp (NASDAQ:FSUN) Director John Fleshood acquired 2,000 shares of the 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 transaction, the director now owns 2,050 shares in the company, valued at $72,529. This trade represents a 4,000.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN stock opened at $36.39 on Friday. The firm has a market cap of $1.01 billion and a price-to-earnings ratio of 11.81. Firstsun Capital Bancorp has a 52-week low of $31.70 and a 52-week high of $45.32. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $36.04 and its 200 day moving average is $38.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results 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 business had revenue of $97.40 million for the quarter, compared to the consensus estimate of $99.11 million. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. On average, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSUN. Stephens began coverage on Firstsun Capital Bancorp in a report on Tuesday. They issued an “overweight” rating and a $44.00 price target for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Finally, Piper Sandler initiated coverage on Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an “overweight” rating and a $51.00 price target on the stock.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Firstsun Capital Bancorp by 165.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after buying an additional 405 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Firstsun Capital Bancorp during the fourth quarter valued at approximately $49,000. KLP Kapitalforvaltning AS acquired a new stake in Firstsun Capital Bancorp in the first quarter valued at approximately $69,000. Bank of America Corp DE grew its holdings in Firstsun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock worth $161,000 after purchasing an additional 3,919 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Firstsun Capital Bancorp during the fourth quarter worth $220,000.

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.