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

FirstSun Capital Bancorp (NASDAQ:FSUN) saw an uptick in trading volume on Monday . 192,854 shares changed hands 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.

Analysts Set New Price Targets

FSUN has been the topic of several recent research reports. Piper Sandler set a $42.00 price objective on shares of FirstSun Capital Bancorp in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Stock Performance

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 P/E ratio of 12.01 and a beta of 0.82. The business’s 50 day simple moving average is $35.26 and its 200 day simple moving average is $36.87.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FirstSun Capital Bancorp

A number of hedge funds have recently made changes to their positions in FSUN. JPMorgan Chase & Co. grew its position in shares of FirstSun Capital Bancorp by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 103,848 shares of the company’s stock worth $4,028,000 after purchasing an additional 16,337 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in FirstSun Capital Bancorp by 49.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,502 shares of the company’s stock worth $369,000 after purchasing an additional 3,143 shares during the period. Citadel Advisors LLC grew its holdings in FirstSun Capital Bancorp by 170.1% during the 3rd quarter. Citadel Advisors LLC now owns 49,421 shares of the company’s stock valued at $1,917,000 after buying an additional 31,125 shares in the last quarter. Azora Capital LP raised its position in shares of FirstSun Capital Bancorp by 98.1% during the third quarter. Azora Capital LP now owns 29,719 shares of the company’s stock valued at $1,153,000 after buying an additional 14,716 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of FirstSun Capital Bancorp by 376.9% during the third quarter. Bank of America Corp DE now owns 75,038 shares of the company’s stock valued at $2,911,000 after buying an additional 59,304 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.