Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw an uptick in trading volume on Tuesday . 44,048 shares traded hands during trading, an increase of 14% from the previous session’s volume of 38,741 shares.The stock last traded at $38.39 and had previously closed at $38.68.

Analyst Ratings Changes

Several research firms recently issued reports on FSUN. Keefe, Bruyette & Woods restated an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a research report on Monday, February 3rd. Piper Sandler began coverage on shares of Firstsun Capital Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $51.00 price objective for the company.

Firstsun Capital Bancorp Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. The company’s 50 day simple moving average is $40.24 and its two-hundred day simple moving average is $40.08.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, January 27th. The company reported $0.86 earnings per share 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%. Equities research analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Firstsun Capital Bancorp news, insider Mollie H. Carter acquired 1,025,450 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $37.06 per share, with a total value of $38,003,177.00. Following the completion of the purchase, the insider now owns 666,500 shares in the company, valued at $24,700,490. This trade represents a -285.68 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP acquired a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at approximately $284,000. Two Sigma Investments LP acquired a new position in Firstsun Capital Bancorp during the 4th quarter worth approximately $1,526,000. OMERS ADMINISTRATION Corp acquired a new position in Firstsun Capital Bancorp during the 4th quarter worth approximately $641,000. Millennium Management LLC grew its holdings in Firstsun Capital Bancorp by 223.9% during the 4th quarter. Millennium Management LLC now owns 55,369 shares of the company’s stock worth $2,218,000 after acquiring an additional 38,276 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Firstsun Capital Bancorp during the 4th quarter worth approximately $514,000.

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.