Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – What’s Next?

Firstsun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Friday . Approximately 54,009 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 30,312 shares.The stock last traded at $41.14 and had previously closed at $40.63.

Analyst Ratings Changes

A number of brokerages recently issued reports on FSUN. Keefe, Bruyette & Woods assumed coverage on shares of Firstsun Capital Bancorp in a research report on Tuesday, January 21st. They set an “outperform” rating and a $46.00 price target for the company. Raymond James raised Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Tuesday, November 19th.

Firstsun Capital Bancorp Trading Up 2.5 %

The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $39.56.

Firstsun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, analysts predict that Firstsun Capital Bancorp will post 3.3 EPS for the current year.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Firstsun Capital Bancorp in the third quarter worth approximately $2,816,000. Fourthstone LLC bought a new position in Firstsun Capital Bancorp in the third quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth $873,000. State Street Corp bought a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter valued at $1,367,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Firstsun Capital Bancorp in the 3rd 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.