Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) saw strong trading volume on Monday . 124,764 shares traded hands during mid-day trading, an increase of 149% from the previous session's volume of 50,164 shares.The stock last traded at $33.49 and had previously closed at $32.56.

Wall Street Analysts Forecast Growth

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

Firstsun Capital Bancorp Stock Performance

The firm has a fifty day simple moving average of $37.79 and a 200-day simple moving average of $38.89. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.86 earnings per share (EPS) 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%. Equities research analysts anticipate 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 purchased 1,025,450 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $37.06 per share, with a total value of $38,003,177.00. Following the transaction, the insider now owns 666,500 shares of the company's stock, valued at $24,700,490. This represents a -285.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.52% of the stock is owned by insiders.

Institutional Trading of Firstsun Capital Bancorp

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after purchasing an additional 405 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Firstsun Capital Bancorp in the 4th quarter worth approximately $49,000. Bank of America Corp DE boosted its stake in shares of Firstsun Capital Bancorp by 4,306.6% in the 4th quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after buying an additional 3,919 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter valued at approximately $220,000. Finally, King Luther Capital Management Corp purchased a new stake in shares of Firstsun Capital Bancorp during the fourth quarter valued at approximately $250,000.

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.