Salzhauer Michael Invests $2.02 Million in Firstsun Capital Bancorp (NASDAQ:FSUN)

Salzhauer Michael bought a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 50,525 shares of the company’s stock, valued at approximately $2,024,000. Firstsun Capital Bancorp comprises 0.7% of Salzhauer Michael’s holdings, making the stock its 21st biggest holding. Salzhauer Michael owned approximately 0.18% of Firstsun Capital Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSUN. Marshall Wace LLP boosted its holdings 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 valued at $5,011,000 after acquiring an additional 118,242 shares during the period. Barclays PLC acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth about $336,000. Kennedy Capital Management LLC bought a new stake in Firstsun Capital Bancorp during the 4th quarter valued at approximately $2,618,000. Geode Capital Management LLC boosted its stake in Firstsun Capital Bancorp by 60.7% during the 4th quarter. Geode Capital Management LLC now owns 115,577 shares of the company’s stock valued at $4,631,000 after purchasing an additional 43,655 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Firstsun Capital Bancorp by 8.6% in the 4th quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company’s stock valued at $105,178,000 after buying an additional 207,774 shares during the last quarter.

Firstsun Capital Bancorp Stock Down 1.1 %

FSUN opened at $33.72 on Thursday. The stock’s 50 day simple moving average is $38.14 and its 200-day simple moving average is $39.01. 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 has a 1 year low of $31.70 and a 1 year high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mollie H. Carter bought 1,025,450 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 666,500 shares of the company’s stock, valued at $24,700,490. This represents a -285.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 12.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FSUN shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. 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.

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.