Mollie H. Carter Acquires 1,025,450 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) Stock

Firstsun Capital Bancorp (NASDAQ:FSUN) insider Mollie H. Carter purchased 1,025,450 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the transaction, the insider now directly owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. This trade represents a -285.68 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Firstsun Capital Bancorp Price Performance

Shares of FSUN stock opened at $38.68 on Friday. Firstsun Capital Bancorp has a one year low of $33.31 and a one year high of $45.32. The company’s fifty day moving average price is $40.26 and its 200-day moving average price is $40.18. 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 announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. As a group, equities research analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

FSUN has been the topic of several recent research reports. Piper Sandler initiated 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 on the stock. Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd.

Institutional Trading of Firstsun Capital Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in 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 acquiring an additional 405 shares during the last quarter. Quantbot Technologies LP bought a new stake in Firstsun Capital Bancorp in the 4th quarter valued at $49,000. Bank of America Corp DE increased its holdings in Firstsun Capital Bancorp by 4,306.6% in the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock valued at $161,000 after acquiring an additional 3,919 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Firstsun Capital Bancorp in the 4th quarter valued at $220,000. Finally, King Luther Capital Management Corp bought a new stake in Firstsun Capital Bancorp in the 4th quarter valued at $250,000.

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.