Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Strong Trading Volume – What’s Next?

Firstsun Capital Bancorp (NASDAQ:FSUN) saw an uptick in trading volume on Wednesday . 73,338 shares were traded during trading, an increase of 34% from the previous session’s volume of 54,534 shares.The stock last traded at $37.52 and had previously closed at $37.94.

Analyst Upgrades and Downgrades

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

Firstsun Capital Bancorp Stock Performance

The business has a 50 day simple moving average of $40.27 and a two-hundred day simple moving average of $40.21. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Firstsun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results 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 return on equity of 8.56% and a net margin of 13.77%. Analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Activity at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter bought 1,025,450 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the acquisition, the insider now owns 666,500 shares in the company, valued at $24,700,490. This represents a -285.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Firstsun Capital Bancorp by 165.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the period. Quantbot Technologies LP bought a new position in Firstsun Capital Bancorp during the 4th quarter valued at $49,000. Bank of America Corp DE boosted its stake in Firstsun Capital Bancorp by 4,306.6% during the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock valued at $161,000 after acquiring an additional 3,919 shares during the last quarter. EntryPoint Capital LLC bought a new position in Firstsun Capital Bancorp during the 4th quarter valued at $220,000. Finally, King Luther Capital Management Corp bought a new position in Firstsun Capital Bancorp during the 4th quarter valued at $250,000.

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.