Quantbot Technologies LP Buys Shares of 1,211 Firstsun Capital Bancorp (NASDAQ:FSUN)

Quantbot Technologies LP bought a new position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,211 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSUN. Charles Schwab Investment Management Inc. increased its holdings in Firstsun Capital Bancorp by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company’s stock valued at $2,669,000 after acquiring an additional 542 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in Firstsun Capital Bancorp during the fourth quarter worth approximately $250,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp in the 3rd quarter worth approximately $873,000. State Street Corp acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $1,367,000. Finally, Empowered Funds LLC acquired a new position in Firstsun Capital Bancorp in the 4th quarter valued at $1,430,000.

Insider Buying and Selling

In other Firstsun Capital Bancorp news, insider Mollie H. Carter bought 1,025,450 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the acquisition, the insider now directly owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. The trade was a -285.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FSUN. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Piper Sandler assumed coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $51.00 price target for the company.

Firstsun Capital Bancorp Price Performance

FSUN opened at $35.98 on Wednesday. Firstsun Capital Bancorp has a twelve month low of $33.31 and a twelve month 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 company has a fifty day simple moving average of $40.09 and a 200 day simple moving average of $39.74.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its earnings results 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 return on equity of 8.56% and a net margin of 13.77%. As a group, sell-side analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

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.