Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Strong Trading Volume – Should You Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw an uptick in trading volume on Monday . 1,495,281 shares traded hands during trading, an increase of 3,159% from the previous session’s volume of 45,879 shares.The stock last traded at $36.27 and had previously closed at $37.75.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FSUN. Piper Sandler assumed coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $47.00 price target (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Firstsun Capital Bancorp Stock Performance

The business’s 50-day moving average is $40.09 and its two-hundred day moving average is $39.74. 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 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. On average, analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Transactions at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter bought 1,025,450 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares in the company, valued at $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Firstsun Capital Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of FSUN. Wellington Management Group LLP bought a new position in shares of Firstsun Capital Bancorp during the third quarter worth approximately $103,024,000. Public Employees Retirement System of Ohio bought a new stake in shares of Firstsun Capital Bancorp in the third quarter valued at about $42,772,000. Stieven Capital Advisors L.P. acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $18,743,000. Marshall Wace LLP boosted its holdings in 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. Finally, Rhino Investment Partners Inc acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $3,177,000.

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.