Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Firstsun Capital Bancorp (NASDAQ:FSUN) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,644 shares of the company’s stock after purchasing an additional 542 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Firstsun Capital Bancorp were worth $2,669,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FSUN. Fourthstone LLC purchased a new position in Firstsun Capital Bancorp in the third quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at $873,000. State Street Corp purchased a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth $1,367,000. Wellington Management Group LLP acquired a new position in shares of Firstsun Capital Bancorp during the third quarter worth $103,024,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Firstsun Capital Bancorp during the third quarter worth $42,772,000.

Insiders Place Their Bets

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the purchase, the insider now directly owns 666,500 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Firstsun Capital Bancorp Stock Up 0.4 %

Shares of FSUN opened at $38.50 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. Firstsun Capital Bancorp has a 1-year low of $33.31 and a 1-year high of $45.32. The firm has a fifty day moving average price of $40.28 and a 200 day moving average price of $39.91.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Research analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSUN has been the subject of a number of recent analyst reports. Piper Sandler began coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 price target for the company. 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.

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.