Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Here’s Why

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) saw an uptick in trading volume on Monday . 124,764 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 50,164 shares.The stock last traded at $33.49 and had previously closed at $32.56.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FSUN shares. Piper Sandler started coverage on shares of Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an “overweight” rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd.

Firstsun Capital Bancorp Stock Performance

The business’s fifty day simple moving average is $38.66 and its 200-day simple moving average is $39.14. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

Firstsun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.86 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, equities analysts forecast that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Activity

In other Firstsun Capital Bancorp news, insider Mollie H. Carter purchased 1,025,450 shares of Firstsun Capital Bancorp stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the transaction, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. This trade represents a -285.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSUN. Tower Research Capital LLC TRC raised its position in Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Firstsun Capital Bancorp during the 4th quarter worth approximately $49,000. Bank of America Corp DE raised its stake in Firstsun Capital Bancorp by 4,306.6% in the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company’s stock valued at $161,000 after purchasing an additional 3,919 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Firstsun Capital Bancorp in the fourth quarter valued at about $220,000. Finally, King Luther Capital Management Corp acquired a new stake in Firstsun Capital Bancorp in the 4th quarter valued at about $250,000.

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.