Firstsun Capital Bancorp (NASDAQ:FSUN) Sets New 52-Week Low - Here's Why

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $32.00 and last traded at $34.50, with a volume of 108321 shares trading hands. The stock had previously closed at $33.06.

Wall Street Analysts Forecast Growth

FSUN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Piper Sandler initiated coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They issued an "overweight" rating and a $51.00 price target for the company.

Firstsun Capital Bancorp Stock Performance

The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. The firm's 50-day moving average price is $38.47 and its two-hundred day moving average price is $39.08.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Activity at Firstsun Capital Bancorp

In related news, insider Mollie H. Carter bought 1,025,450 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought 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 directly owns 666,500 shares in the company, valued at $24,700,490. This represents a -285.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its holdings in 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 last quarter. Quantbot Technologies LP acquired a new stake in shares of Firstsun Capital Bancorp in the fourth quarter valued at $49,000. Bank of America Corp DE grew 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Firstsun Capital Bancorp in the 4th quarter valued at $220,000. Finally, King Luther Capital Management Corp acquired a new position in Firstsun Capital Bancorp during the 4th 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.