Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Should You Buy?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) saw an uptick in trading volume on Monday . 1,495,281 shares traded hands during mid-day 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.

Analysts Set New Price Targets

A number of research analysts recently weighed in 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. Piper Sandler assumed coverage on Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $51.00 target price on the stock.

Firstsun Capital Bancorp Trading Down 4.2 %

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 stock’s fifty day moving average is $40.24 and its two-hundred day moving average is $39.83.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its 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 return on equity of 8.56% and a net margin of 13.77%. Equities analysts forecast that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mollie H. Carter purchased 1,025,450 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now directly owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. This trade represents a -285.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Firstsun Capital Bancorp

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

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.