OMERS ADMINISTRATION Corp Acquires Shares of 16,000 Firstsun Capital Bancorp (NASDAQ:FSUN)

OMERS ADMINISTRATION Corp purchased a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 16,000 shares of the company’s stock, valued at approximately $641,000.

Several other large investors have also modified their holdings of the business. Millennium Management LLC grew its position in Firstsun Capital Bancorp by 223.9% during the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock worth $2,218,000 after purchasing an additional 38,276 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Firstsun Capital Bancorp during the fourth quarter worth $514,000. Bridgeway Capital Management LLC acquired a new position in Firstsun Capital Bancorp during the fourth quarter worth $1,831,000. Bank of America Corp DE raised its position in Firstsun Capital Bancorp by 4,306.6% during the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock worth $161,000 after acquiring an additional 3,919 shares during the period. Finally, Rhino Investment Partners Inc acquired a new position in Firstsun Capital Bancorp during the fourth quarter worth $3,177,000.

Insider Buying and Selling at Firstsun Capital Bancorp

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

Firstsun Capital Bancorp Stock Performance

Shares of FSUN opened at $36.86 on Monday. 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 stock has a market capitalization of $1.03 billion and a P/E ratio of 11.97. The company’s fifty day moving average is $35.88 and its two-hundred day moving average is $38.22. Firstsun Capital Bancorp has a 1 year low of $31.70 and a 1 year 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 for the quarter, compared to analysts’ expectations of $99.11 million. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, sell-side analysts predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stephens assumed coverage on shares of 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 started coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an “overweight” rating and a $51.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

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.