Salzhauer Michael Makes New $2.02 Million Investment in Firstsun Capital Bancorp (NASDAQ:FSUN)

Salzhauer Michael acquired a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 50,525 shares of the company’s stock, valued at approximately $2,024,000. Firstsun Capital Bancorp makes up approximately 0.7% of Salzhauer Michael’s portfolio, making the stock its 20th largest holding. Salzhauer Michael owned 0.18% of Firstsun Capital Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FSUN. Philadelphia Financial Management of San Francisco LLC acquired a new position in Firstsun Capital Bancorp during the third quarter valued at approximately $873,000. State Street Corp acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $1,367,000. Empowered Funds LLC acquired a new stake in shares of Firstsun Capital Bancorp in the 4th quarter valued at approximately $1,430,000. Charles Schwab Investment Management Inc. bought a new position in shares of Firstsun Capital Bancorp in the third quarter valued at $2,816,000. Finally, Geode Capital Management LLC acquired a new position in Firstsun Capital Bancorp during the third quarter worth $3,066,000.

Analyst Ratings Changes

A number of brokerages have commented on FSUN. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

FSUN stock opened at $41.91 on Monday. Firstsun Capital Bancorp has a 1-year low of $33.31 and a 1-year high of $44.37. The business’s 50 day simple moving average is $40.05 and its 200 day simple moving average is $40.33. 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 (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating 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, analysts expect that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

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.