FirstSun Capital Bancorp (NASDAQ:FSUN) Short Interest Update

FirstSun Capital Bancorp (NASDAQ:FSUN) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,482,640 shares, a growth of 14.3% from the February 12th total of 1,297,020 shares. Currently, 6.1% of the company’s shares are sold short. Based on an average daily volume of 119,575 shares, the days-to-cover ratio is currently 12.4 days. Based on an average daily volume of 119,575 shares, the days-to-cover ratio is currently 12.4 days. Currently, 6.1% of the company’s shares are sold short.

FirstSun Capital Bancorp Stock Down 0.6%

Shares of FirstSun Capital Bancorp stock traded down $0.20 during trading hours on Tuesday, hitting $35.08. 93,730 shares of the company’s stock traded hands, compared to its average volume of 152,363. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The company has a market cap of $979.54 million, a PE ratio of 10.14 and a beta of 0.90. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $38.36 and a 200-day simple moving average of $37.49.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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 business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $108.20 million. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of FirstSun Capital Bancorp by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,880,385 shares of the company’s stock valued at $108,403,000 after acquiring an additional 189,493 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in FirstSun Capital Bancorp in the third quarter worth $6,697,000. Geode Capital Management LLC increased its stake in FirstSun Capital Bancorp by 123.3% during the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock valued at $10,354,000 after purchasing an additional 164,507 shares during the last quarter. Millennium Management LLC raised its holdings in shares of FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company’s stock worth $6,002,000 after purchasing an additional 110,662 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of FirstSun Capital Bancorp during the fourth quarter worth $4,154,000.

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. 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.