Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Up – What’s Next?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) gapped up before the market opened on Thursday . The stock had previously closed at $37.94, but opened at $39.22. Firstsun Capital Bancorp shares last traded at $38.77, with a volume of 18,100 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on FSUN shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $47.00 price target (up 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 price objective for the company in a report on Tuesday, November 19th. Finally, Piper Sandler started coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 price objective for the company.

Firstsun Capital Bancorp Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50-day moving average price is $40.30 and its 200-day moving average price is $40.23.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, January 27th. The company reported $0.86 earnings per share 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%. On average, equities research analysts expect that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Firstsun Capital Bancorp

Several large investors have recently made changes to their positions in FSUN. Wellington Management Group LLP purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at $103,024,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at $42,772,000. Stieven Capital Advisors L.P. purchased a new stake in shares of Firstsun Capital Bancorp in the 4th quarter valued at $18,743,000. Fourthstone LLC purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter valued at $13,846,000. Finally, Marshall Wace LLP lifted its stake in shares of Firstsun Capital Bancorp by 1,721.6% in the 4th quarter. Marshall Wace LLP now owns 125,110 shares of the company’s stock valued at $5,011,000 after purchasing an additional 118,242 shares during the period.

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.