Mendon Capital Advisors Corp Boosts Stake in Firstsun Capital Bancorp (NASDAQ:FSUN)

Mendon Capital Advisors Corp grew its position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 73.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,115 shares of the company's stock after acquiring an additional 20,000 shares during the period. Firstsun Capital Bancorp comprises about 0.9% of Mendon Capital Advisors Corp's portfolio, making the stock its 29th largest holding. Mendon Capital Advisors Corp owned 0.17% of Firstsun Capital Bancorp worth $1,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FSUN. Tower Research Capital LLC TRC grew its holdings in 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 purchasing an additional 405 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Firstsun Capital Bancorp in the fourth quarter valued at approximately $49,000. EntryPoint Capital LLC bought a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $220,000. King Luther Capital Management Corp acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $250,000. Finally, Barclays PLC bought a new stake in Firstsun Capital Bancorp in the 4th quarter valued at $336,000.

Insider Activity

In related news, insider Mollie H. Carter purchased 1,025,450 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the transaction, the insider now owns 666,500 shares of the company's stock, valued at $24,700,490. This represents a -285.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.52% of the company's stock.

Firstsun Capital Bancorp Price Performance

NASDAQ FSUN traded up $0.38 during mid-day trading on Friday, reaching $36.05. 51,537 shares of the stock were exchanged, compared to its average volume of 52,687. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a 50 day simple moving average of $37.00 and a 200-day simple moving average of $38.67. Firstsun Capital Bancorp has a one year low of $31.70 and a one year high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FSUN has been the topic of several research reports. Piper Sandler initiated coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an "overweight" rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

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.