Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Time to Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw an uptick in trading volume on Monday . 1,495,281 shares changed 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 brokerages recently issued reports on FSUN. Piper Sandler initiated coverage on shares of Firstsun Capital Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $47.00 target price (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Firstsun Capital Bancorp Price Performance

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 business’s 50-day simple moving average is $40.09 and its two-hundred day simple moving average is $39.74.

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

Insider Activity

In related news, insider Mollie H. Carter acquired 1,025,450 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the acquisition, the insider now owns 666,500 shares of the company’s stock, valued at approximately $24,700,490. This trade represents a -285.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. purchased a new stake in Firstsun Capital Bancorp in the 3rd quarter valued at about $2,816,000. Geode Capital Management LLC bought a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $3,066,000. Wellington Management Group LLP bought a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth $103,024,000. State Street Corp purchased a new position in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $1,367,000. Finally, Empowered Funds LLC bought a new position in Firstsun Capital Bancorp during the fourth quarter valued at about $1,430,000.

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.