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

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) saw strong trading volume on Wednesday . 93,940 shares were traded during mid-day trading, an increase of 45% from the previous session's volume of 64,924 shares.The stock last traded at $33.95 and had previously closed at $33.91.

Analyst Ratings Changes

Separately, Stephens assumed coverage on FirstSun Capital Bancorp in a research report on Tuesday, May 6th. They issued an "overweight" rating and a $44.00 target price for the company.

FirstSun Capital Bancorp Stock Performance

The company has a market capitalization of $960.97 million and a P/E ratio of 11.21. The firm has a 50 day moving average price of $35.26 and a two-hundred day moving average price of $37.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.01.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. FirstSun Capital Bancorp had a return on equity of 9.34% and a net margin of 15.84%. The company had revenue of $97.40 million during the quarter, compared to analysts' expectations of $99.11 million. On average, research analysts expect that FirstSun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Insider Activity at FirstSun Capital Bancorp

In other FirstSun Capital Bancorp news, Director John Fleshood purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $35.38 per share, with a total value of $70,760.00. Following the acquisition, the director now directly owns 2,050 shares of the company's stock, valued at approximately $72,529. This trade represents a 4,000.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 12.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of FirstSun Capital Bancorp by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 2,626,167 shares of the company's stock worth $105,178,000 after purchasing an additional 207,774 shares during the last quarter. Jacobs Asset Management LLC bought a new stake in shares of FirstSun Capital Bancorp during the first quarter worth $5,422,000. Marshall Wace LLP grew its holdings in shares of FirstSun Capital Bancorp by 1,721.6% during the fourth quarter. Marshall Wace LLP now owns 125,110 shares of the company's stock worth $5,011,000 after purchasing an additional 118,242 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of FirstSun Capital Bancorp by 38.5% during the first quarter. Alliancebernstein L.P. now owns 417,477 shares of the company's stock worth $15,092,000 after purchasing an additional 116,126 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of FirstSun Capital Bancorp by 199.9% during the first quarter. Millennium Management LLC now owns 166,031 shares of the company's stock worth $6,002,000 after purchasing an additional 110,662 shares during the last quarter.

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.