FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase - Time to Buy?

Key Points

• Trading volume surged 280% to 994,918 shares, while FSUN traded at $38.97, down from its previous close of $39.66.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $45.50, though ratings range from strong buy to sell.
• FirstSun reported quarterly EPS of $1.03, beating the $0.98 consensus estimate, on revenue of $179.68 million.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) saw strong trading volume on Friday. 994,918 shares were traded during mid-day trading, an increase of 280% from the average daily volume of 261,632 shares. The stock last traded at $38.9710 and had previously closed at $39.66.

Analyst Upgrades and Downgrades

FSUN has been the subject of several research reports. Weiss Ratings upgraded shares of FirstSun Capital Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 15th. Raymond James Financial restated a "strong-buy" rating on shares of FirstSun Capital Bancorp in a research note on Friday, July 10th. Zacks Research cut FirstSun Capital Bancorp from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 14th. Stephens lifted their price target on FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 28th. Finally, Piper Sandler dropped their price target on FirstSun Capital Bancorp from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, FirstSun Capital Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $45.50.

FirstSun Capital Bancorp Stock Down 1.8%

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.81 billion, a PE ratio of 19.78 and a beta of 0.32. The business's 50-day simple moving average is $39.37 and its 200-day simple moving average is $37.92.

FirstSun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $179.68 million for the quarter. FirstSun Capital Bancorp had a net margin of 7.59% and a return on equity of 8.63%. As a group, equities research analysts anticipate that FirstSun Capital Bancorp will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company's stock valued at $47,000 after purchasing an additional 918 shares during the period. State of Alaska Department of Revenue purchased a new stake in FirstSun Capital Bancorp during the third quarter worth $75,000. Versant Capital Management Inc grew its position in FirstSun Capital Bancorp by 358.2% during the third quarter. Versant Capital Management Inc now owns 1,961 shares of the company's stock valued at $76,000 after buying an additional 1,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FirstSun Capital Bancorp by 10,782.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company's stock valued at $245,000 after buying an additional 6,254 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in FirstSun Capital Bancorp during the second quarter valued at $256,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.

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