FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – What’s Next?

FirstSun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Friday. 994,918 shares traded hands during trading, an increase of 280% from the average daily volume of 261,632 shares. The stock last traded at $38.9710 and had previously closed at $39.66.

Wall Street Analysts Forecast Growth

FSUN has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Weiss Ratings upgraded FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Stephens increased their price target on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Piper Sandler dropped their price objective on FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

FirstSun Capital Bancorp Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 19.78 and a beta of 0.32. The stock’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $37.92.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its earnings results on Monday, October 26th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.63%. The business had revenue of $179.68 million during the quarter. Equities research analysts predict that FirstSun Capital Bancorp will post 3.36 earnings per share for the current year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several institutional investors have recently bought and sold shares of FSUN. Wellington Management Group LLP raised its holdings in shares of FirstSun Capital Bancorp by 42.2% during the second quarter. Wellington Management Group LLP now owns 4,097,274 shares of the company’s stock valued at $158,892,000 after acquiring an additional 1,216,889 shares during the last quarter. BlackRock Inc. purchased a new position in shares of FirstSun Capital Bancorp in the second quarter valued at approximately $73,455,000. Dimensional Fund Advisors LP lifted its position in shares of FirstSun Capital Bancorp by 40.3% in the first quarter. Dimensional Fund Advisors LP now owns 398,362 shares of the company’s stock valued at $14,523,000 after acquiring an additional 114,339 shares in the last quarter. Atlas Merchant Capital LLC acquired a new stake in shares of FirstSun Capital Bancorp in the third quarter worth approximately $5,889,000. Finally, Empowered Funds LLC acquired a new stake in shares of FirstSun Capital Bancorp in the second quarter worth approximately $4,847,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.