Firstsun Capital Bancorp (NASDAQ:FSUN) Hits New 12-Month Low - Time to Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $33.21 and last traded at $33.46, with a volume of 28894 shares changing hands. The stock had previously closed at $34.88.

Wall Street Analysts Forecast Growth

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

Firstsun Capital Bancorp Stock Performance

The firm has a 50 day moving average of $39.27 and a 200-day moving average of $39.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. Analysts anticipate that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling at Firstsun Capital Bancorp

In other Firstsun Capital Bancorp news, insider Mollie H. Carter bought 1,025,450 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the transaction, the insider now owns 666,500 shares in the company, valued at approximately $24,700,490. The trade was a -285.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.52% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSUN. Tower Research Capital LLC TRC grew its stake in shares of Firstsun Capital Bancorp by 165.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after purchasing an additional 405 shares during the period. Quantbot Technologies LP bought a new stake in Firstsun Capital Bancorp in the fourth quarter valued at $49,000. Bank of America Corp DE raised its stake in Firstsun Capital Bancorp by 4,306.6% during the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after acquiring an additional 3,919 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Firstsun Capital Bancorp during the fourth quarter valued at $220,000. Finally, King Luther Capital Management Corp bought a new stake in Firstsun Capital Bancorp during the fourth quarter worth about $250,000.

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.