FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume - Still a Buy?

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 93,940 shares changed hands during 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 started coverage on shares of FirstSun Capital Bancorp in a research note on Tuesday, May 6th. They set an "overweight" rating and a $44.00 price target for the company.

FirstSun Capital Bancorp Stock Up 2.5%

The firm has a market cap of $961.53 million and a P/E ratio of 11.22. The stock's 50 day simple moving average is $35.24 and its 200 day simple moving average is $37.77. 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 posted its quarterly earnings data on Monday, April 28th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $97.40 million for the quarter, compared to analysts' expectations of $99.11 million. FirstSun Capital Bancorp had a return on equity of 9.34% and a net margin of 15.84%. Research analysts anticipate that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Insider Buying and Selling at FirstSun Capital Bancorp

In other news, Director John Fleshood bought 2,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $35.38 per share, for a total transaction of $70,760.00. Following the completion of the purchase, the director now directly owns 2,050 shares in the company, valued at $72,529. This represents a 4,000.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.52% of the company's stock.

Institutional Trading of FirstSun Capital Bancorp

Several hedge funds have recently made changes to their positions in FSUN. Tower Research Capital LLC TRC raised its stake in shares of FirstSun Capital Bancorp by 165.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after buying an additional 405 shares during the period. Quantbot Technologies LP bought a new stake in shares of FirstSun Capital Bancorp in the fourth quarter valued at $49,000. KLP Kapitalforvaltning AS bought a new stake in shares of FirstSun Capital Bancorp in the first quarter valued at $69,000. Bank of America Corp DE raised its stake in shares of FirstSun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock valued at $161,000 after buying an additional 3,919 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of FirstSun Capital Bancorp during the 4th quarter valued at $220,000.

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.