FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Short Interest Report for September

FirstSun Capital Bancorp (NASDAQ:FSUN) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 2,060,243 shares, an increase of 57.8% from the September 15th total of 1,305,607 shares. Based on an average daily volume of 475,955 shares, the short-interest ratio is presently 4.3 days. Currently, 4.9% of the company’s stock are short sold.

FirstSun Capital Bancorp Trading Down 0.3%

FirstSun Capital Bancorp stock opened at $37.95 on Friday. FirstSun Capital Bancorp has a 52 week low of $29.95 and a 52 week high of $42.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $1.77 billion, a P/E ratio of 19.26 and a beta of 0.34. The stock has a 50-day simple moving average of $39.66 and a 200 day simple moving average of $37.81.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.28. The firm had revenue of $184.14 million for the quarter. FirstSun Capital Bancorp had a return on equity of 7.16% and a net margin of 6.60%. Analysts expect that FirstSun Capital Bancorp will post 3.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on FSUN. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler boosted their target price on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a report on Friday, July 10th. Stephens dropped their price target on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Zacks Research cut shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSUN. Royal Bank of Canada increased its holdings in shares of FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after acquiring an additional 918 shares during the last quarter. Versant Capital Management Inc lifted its holdings in FirstSun Capital Bancorp by 358.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock valued at $76,000 after purchasing an additional 1,533 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in FirstSun Capital Bancorp during the 3rd quarter valued at $75,000. Engineers Gate Manager LP lifted its holdings in FirstSun Capital Bancorp by 39.1% during the 2nd quarter. Engineers Gate Manager LP now owns 13,544 shares of the company’s stock valued at $525,000 after purchasing an additional 3,804 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in FirstSun Capital Bancorp by 7.4% during the first quarter. First Trust Advisors LP now owns 76,716 shares of the company’s stock worth $2,797,000 after purchasing an additional 5,290 shares during the period.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp is a bank holding company whose principal subsidiary is Sunflower Bank, N.A. The company provides banking and financial services to businesses, agricultural producers, individuals and institutions through a network of branches and digital banking channels.

Its offerings include commercial and small-business lending, agricultural loans, residential and commercial real estate financing, consumer loans, deposit accounts, treasury management, online and mobile banking, and wealth management services.