Firstsun Capital Bancorp (NASDAQ:FSUN) Sets New 52-Week High – Here’s What Happened

Firstsun Capital Bancorp (NASDAQ:FSUN) reached a new 52-week high during trading on Wednesday . The company traded as high as $45.32 and last traded at $44.27, with a volume of 51991 shares traded. The stock had previously closed at $43.22.

Analysts Set New Price Targets

FSUN has been the subject of several research reports. Raymond James raised Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price objective (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 stock’s 50 day simple moving average is $40.24 and its two-hundred day simple moving average is $40.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03.

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, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Trading of Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in Firstsun Capital Bancorp in the 4th quarter valued at about $49,000. EntryPoint Capital LLC bought a new position in Firstsun Capital Bancorp during the fourth quarter worth $220,000. King Luther Capital Management Corp bought a new stake in Firstsun Capital Bancorp in the 4th quarter valued at about $250,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Firstsun Capital Bancorp during the third quarter worth approximately $873,000. Finally, State Street Corp acquired a new stake in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $1,367,000.

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.