OMERS ADMINISTRATION Corp Acquires New Shares in Firstsun Capital Bancorp (NASDAQ:FSUN)

OMERS ADMINISTRATION Corp purchased a new position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,000 shares of the company’s stock, valued at approximately $641,000. OMERS ADMINISTRATION Corp owned approximately 0.06% of Firstsun Capital Bancorp as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FSUN. Tower Research Capital LLC TRC boosted its stake in shares of Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the period. Quantbot Technologies LP purchased a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $49,000. Bank of America Corp DE increased its stake in shares of Firstsun Capital Bancorp by 4,306.6% during the 4th 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 in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $220,000. Finally, King Luther Capital Management Corp purchased a new stake in Firstsun Capital Bancorp in the 4th quarter worth approximately $250,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 target price (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Finally, Stephens initiated coverage on Firstsun Capital Bancorp in a research report on Tuesday, May 6th. They set an “overweight” rating and a $44.00 price target on the stock.

Firstsun Capital Bancorp Stock Performance

Shares of Firstsun Capital Bancorp stock opened at $36.86 on Monday. The company has a market capitalization of $1.03 billion and a PE ratio of 11.97. The stock’s fifty day simple moving average is $35.88 and its 200 day simple moving average is $38.22. Firstsun Capital Bancorp has a 12 month low of $31.70 and a 12 month high of $45.32. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced 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 firm 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, research analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Insider Activity at Firstsun Capital Bancorp

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

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.