King Luther Capital Management Corp Invests $250,000 in Firstsun Capital Bancorp (NASDAQ:FSUN)

King Luther Capital Management Corp purchased a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,233 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $873,000. State Street Corp bought a new stake in Firstsun Capital Bancorp in the third quarter valued at about $1,367,000. Empowered Funds LLC acquired a new stake in Firstsun Capital Bancorp during the fourth quarter valued at approximately $1,430,000. Salzhauer Michael bought a new position in Firstsun Capital Bancorp during the 4th quarter worth approximately $2,024,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Firstsun Capital Bancorp by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company’s stock worth $2,669,000 after acquiring an additional 542 shares in the last quarter.

Insider Buying and Selling at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of Firstsun Capital Bancorp stock in a transaction 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 transaction, the insider now owns 666,500 shares of the company’s stock, valued at $24,700,490. The trade was a -285.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James upgraded Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Finally, Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $51.00 price objective for the company.

Firstsun Capital Bancorp Price Performance

Shares of FSUN opened at $38.29 on Friday. Firstsun Capital Bancorp has a 12 month low of $33.31 and a 12 month high of $45.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a fifty day moving average price of $40.27 and a 200 day moving average price of $40.21.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, January 27th. The company reported $0.86 EPS 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%. As a group, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal 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.