Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Up – What’s Next?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) gapped up before the market opened on Thursday . The stock had previously closed at $37.94, but opened at $39.22. Firstsun Capital Bancorp shares last traded at $38.77, with a volume of 18,100 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Tuesday, November 19th. 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 on the stock. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $47.00 target price (up from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd.

Firstsun Capital Bancorp Price Performance

The company’s 50 day moving average is $40.30 and its two-hundred day moving average is $40.23. 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) 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, research analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current year.

Hedge Funds Weigh In On Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FSUN. Wellington Management Group LLP purchased a new position in shares of Firstsun Capital Bancorp in the 3rd quarter worth $103,024,000. Public Employees Retirement System of Ohio purchased a new position in shares of Firstsun Capital Bancorp in the 3rd quarter worth $42,772,000. Stieven Capital Advisors L.P. purchased a new position in shares of Firstsun Capital Bancorp in the 4th quarter worth $18,743,000. Fourthstone LLC purchased a new position in shares of Firstsun Capital Bancorp in the 3rd quarter worth $13,846,000. Finally, Marshall Wace LLP boosted its stake in shares of Firstsun Capital Bancorp by 1,721.6% during the 4th quarter. Marshall Wace LLP now owns 125,110 shares of the company’s stock worth $5,011,000 after purchasing an additional 118,242 shares during the period.

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.