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

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw strong trading volume on Thursday . 36,049 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 37,356 shares.The stock last traded at $38.59 and had previously closed at $39.30.

Analyst Ratings Changes

A number of equities analysts have weighed in on FSUN shares. 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. Piper Sandler assumed coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Firstsun Capital Bancorp Stock Down 1.5 %

The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $40.47 and a 200 day moving average of $40.39.

Firstsun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS 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%. As a group, equities research analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FSUN. Tower Research Capital LLC TRC lifted its stake in Firstsun Capital Bancorp by 165.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares during the last quarter. Quantbot Technologies LP bought a new stake in Firstsun Capital Bancorp in the fourth quarter valued at approximately $49,000. Bank of America Corp DE lifted its position in shares of Firstsun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock valued at $161,000 after buying an additional 3,919 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $220,000. Finally, King Luther Capital Management Corp bought a new position in shares of Firstsun Capital Bancorp during the 4th quarter worth approximately $250,000.

Firstsun Capital Bancorp Company Profile

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.