Short Interest in FirstSun Capital Bancorp (NASDAQ:FSUN) Expands By 14.3%

FirstSun Capital Bancorp (NASDAQ:FSUN) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,482,640 shares, an increase of 14.3% from the February 12th total of 1,297,020 shares. Based on an average daily trading volume, of 119,575 shares, the short-interest ratio is presently 12.4 days. Approximately 6.1% of the shares of the company are short sold. Approximately 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 119,575 shares, the short-interest ratio is presently 12.4 days.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in shares of FirstSun Capital Bancorp during the 3rd quarter worth about $41,000. Ameritas Investment Partners Inc. acquired a new position in shares of FirstSun Capital Bancorp during the second quarter valued at approximately $45,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of FirstSun Capital Bancorp during the second quarter valued at approximately $97,000. New York State Common Retirement Fund bought a new stake in FirstSun Capital Bancorp during the second quarter worth approximately $139,000. Finally, Quantbot Technologies LP raised its holdings in FirstSun Capital Bancorp by 508.9% during the second quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock worth $169,000 after purchasing an additional 4,071 shares in the last quarter.

FirstSun Capital Bancorp Stock Performance

FSUN traded down $0.20 during trading hours on Tuesday, hitting $35.08. The company’s stock had a trading volume of 93,730 shares, compared to its average volume of 152,363. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $979.54 million, a PE ratio of 10.14 and a beta of 0.90. The company has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $37.49.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The company had revenue of $110.18 million during the quarter, compared to analyst estimates of $108.20 million. As a group, sell-side analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current year.

Analyst Upgrades and Downgrades

FSUN has been the topic of a number of recent research reports. Raymond James Financial reissued an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Zacks Research raised FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstSun Capital Bancorp presently has a consensus rating of “Buy” and a consensus target price of $43.33.

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. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.