FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Should You Buy?

FirstSun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Monday . Approximately 192,854 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 70,316 shares.The stock last traded at $38.4850 and had previously closed at $37.81.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FSUN. Keefe, Bruyette & Woods lifted their target price on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Piper Sandler set a $42.00 price objective on FirstSun Capital Bancorp in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.33.

FirstSun Capital Bancorp Trading Up 0.3%

The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.06 billion, a PE ratio of 12.01 and a beta of 0.82. The stock has a 50 day moving average price of $35.26 and a 200 day moving average price of $36.87.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $107.29 million during the quarter, compared to analysts’ expectations of $107.10 million. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 15.94%. Sell-side analysts predict that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in FirstSun Capital Bancorp in the 3rd quarter worth about $41,000. Ameritas Investment Partners Inc. bought a new stake in FirstSun Capital Bancorp in the 2nd quarter worth approximately $45,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of FirstSun Capital Bancorp during the 2nd quarter valued at $97,000. New York State Common Retirement Fund purchased a new position in shares of FirstSun Capital Bancorp in the 2nd quarter worth $139,000. Finally, Quantbot Technologies LP boosted its stake in shares of FirstSun Capital Bancorp by 508.9% in the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after buying an additional 4,071 shares during the last quarter.

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.