Insider Buying: Firstsun Capital Bancorp (NASDAQ:FSUN) Insider Purchases 1,025,450 Shares of Stock

Firstsun Capital Bancorp (NASDAQ:FSUN) insider Mollie H. Carter acquired 1,025,450 shares of the company’s stock in a transaction that occurred on 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 purchase, the insider now directly owns 666,500 shares in the company, valued at $24,700,490. This trade represents a -285.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ:FSUN traded up $0.47 during trading on Thursday, hitting $38.41. 33,453 shares of the company were exchanged, compared to its average volume of 38,561. Firstsun Capital Bancorp has a fifty-two week low of $33.31 and a fifty-two 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 firm has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $40.23.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, topping 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%. On average, research analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSUN has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Raymond James raised shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Tuesday, November 19th. Finally, 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 objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in Firstsun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Firstsun Capital Bancorp during the fourth quarter worth $49,000. Bank of America Corp DE boosted its position in shares of 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 valued at $161,000 after acquiring an additional 3,919 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $220,000. Finally, King Luther Capital Management Corp acquired a new stake in Firstsun Capital Bancorp in the 4th quarter worth about $250,000.

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.