Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume - Here's What Happened

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) shares saw an uptick in trading volume on Monday . 1,495,281 shares traded hands during mid-day trading, an increase of 3,159% from the previous session's volume of 45,879 shares.The stock last traded at $36.27 and had previously closed at $37.75.

Wall Street Analysts Forecast Growth

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

Firstsun Capital Bancorp Trading Down 3.3 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The firm's 50-day simple moving average is $39.89 and its 200 day simple moving average is $39.68.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.86 earnings per share for the quarter, topping 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 predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current year.

Insider Buying and Selling at Firstsun Capital Bancorp

In other news, insider Mollie H. Carter bought 1,025,450 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $37.06 per share, for a total transaction of $38,003,177.00. Following the completion of the purchase, the insider now directly owns 666,500 shares of the company's stock, valued at $24,700,490. This trade represents a -285.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.52% of the company's stock.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new stake in Firstsun Capital Bancorp in the third quarter worth approximately $2,816,000. Geode Capital Management LLC bought a new stake in Firstsun Capital Bancorp in the third quarter worth $3,066,000. Wellington Management Group LLP bought a new position in Firstsun Capital Bancorp during the third quarter valued at about $103,024,000. State Street Corp acquired a new stake in shares of Firstsun Capital Bancorp in the third quarter worth about $1,367,000. Finally, Empowered Funds LLC acquired a new position in shares of Firstsun Capital Bancorp during the 4th quarter valued at about $1,430,000.

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.