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

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) saw unusually-high trading volume on Thursday . Approximately 36,049 shares changed hands during 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.

Wall Street Analyst Weigh In

Several analysts recently 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 report on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 target price (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Finally, Piper Sandler began coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They issued an “overweight” rating and a $51.00 target price for the company.

Firstsun Capital Bancorp Price Performance

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 business’s 50-day moving average price is $40.47 and its two-hundred day moving average price is $40.39.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share 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%. On average, sell-side analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FSUN. Charles Schwab Investment Management Inc. acquired a new position in shares of Firstsun Capital Bancorp in the 3rd quarter valued at approximately $2,816,000. Fourthstone LLC bought a new position in Firstsun Capital Bancorp in the third quarter valued at approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Firstsun Capital Bancorp in the third quarter valued at approximately $873,000. State Street Corp acquired a new position in Firstsun Capital Bancorp during the third quarter valued at approximately $1,367,000. Finally, Wellington Management Group LLP bought a new stake in Firstsun Capital Bancorp during the third quarter worth $103,024,000.

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.