65,368 Shares in Firstsun Capital Bancorp (NASDAQ:FSUN) Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC acquired a new position in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 65,368 shares of the company's stock, valued at approximately $2,618,000. Kennedy Capital Management LLC owned about 0.24% of Firstsun Capital Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Firstsun Capital Bancorp during the fourth quarter valued at $49,000. EntryPoint Capital LLC purchased a new stake in shares of Firstsun Capital Bancorp in the 4th quarter worth $220,000. King Luther Capital Management Corp bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter worth about $250,000. State Street Corp purchased a new position in Firstsun Capital Bancorp during the third quarter valued at approximately $1,367,000. Finally, Empowered Funds LLC bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter worth approximately $1,430,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on FSUN shares. Keefe, Bruyette & Woods restated an "outperform" rating and set a $47.00 target price (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an "overweight" rating and a $51.00 target price for the company.

Firstsun Capital Bancorp Stock Performance

FSUN stock traded up $0.25 during mid-day trading on Friday, hitting $33.97. The company had a trading volume of 129,102 shares, compared to its average volume of 51,632. The company has a 50-day moving average price of $37.97 and a 200 day moving average price of $38.95. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. Firstsun Capital Bancorp has a 12-month low of $31.70 and a 12-month high of $45.32.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share 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%. On average, research analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Insider Transactions at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter purchased 1,025,450 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. The trade was a -285.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.52% of the company's stock.

Firstsun Capital Bancorp 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.