Insider Buying: FirstSun Capital Bancorp (NASDAQ:FSUN) Director Purchases 1,500 Shares of Stock

FirstSun Capital Bancorp (NASDAQ:FSUN) Director Peter Murphy bought 1,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $35.28 per share, for a total transaction of $52,920.00. Following the completion of the transaction, the director owned 1,500 shares of the company’s stock, valued at approximately $52,920. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FirstSun Capital Bancorp Stock Down 1.4%

Shares of NASDAQ:FSUN traded down $0.50 during trading on Wednesday, hitting $34.58. The company’s stock had a trading volume of 67,137 shares, compared to its average volume of 150,646. The company has a market capitalization of $965.47 million, a PE ratio of 9.99 and a beta of 0.89. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s 50-day moving average price is $38.29 and its two-hundred day moving average price is $37.47.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings data on Monday, January 26th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The firm had revenue of $110.18 million during the quarter, compared to analyst estimates of $108.20 million. As a group, sell-side analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

FSUN has been the subject of a number of research analyst reports. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a research report on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstSun Capital Bancorp presently has an average rating of “Buy” and a consensus target price of $43.33.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in FirstSun Capital Bancorp by 3.1% during the second quarter. Bank of America Corp DE now owns 15,734 shares of the company’s stock worth $547,000 after acquiring an additional 479 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in FirstSun Capital Bancorp by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,248 shares of the company’s stock valued at $273,000 after acquiring an additional 558 shares during the period. California State Teachers Retirement System grew its holdings in shares of FirstSun Capital Bancorp by 9.4% during the second quarter. California State Teachers Retirement System now owns 9,165 shares of the company’s stock valued at $318,000 after purchasing an additional 786 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of FirstSun Capital Bancorp during the third quarter valued at approximately $41,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth approximately $45,000.

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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.