Wellington Management Group LLP Buys 207,774 Shares of Firstsun Capital Bancorp (NASDAQ:FSUN)

Wellington Management Group LLP lifted its stake in Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626,167 shares of the company's stock after purchasing an additional 207,774 shares during the quarter. Wellington Management Group LLP owned 9.46% of Firstsun Capital Bancorp worth $105,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. purchased a new position in Firstsun Capital Bancorp in the third quarter valued at about $2,816,000. Geode Capital Management LLC bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $3,066,000. State Street Corp acquired a new position in Firstsun Capital Bancorp in the third quarter worth approximately $1,367,000. Empowered Funds LLC bought a new position in Firstsun Capital Bancorp during the fourth quarter valued at approximately $1,430,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Firstsun Capital Bancorp in the third quarter valued at approximately $42,772,000.

Firstsun Capital Bancorp Trading Up 1.0 %

FSUN traded up $0.35 on Tuesday, hitting $33.60. The company had a trading volume of 25,775 shares, compared to its average volume of 48,129. 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's fifty day moving average price is $39.58 and its 200 day moving average price is $39.51. Firstsun Capital Bancorp has a 1-year low of $32.50 and a 1-year high of $45.32.

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

Analyst Ratings Changes

Several research analysts have recently commented on FSUN shares. Piper Sandler began coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They set an "overweight" rating and a $51.00 price target on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Insider Buying and Selling at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter acquired 1,025,450 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price 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 approximately $24,700,490. This trade represents a -285.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.52% of the company's stock.

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.