FirstSun Capital Bancorp (NASDAQ:FSUN) Stock Short Interest Rises 57.8%

FirstSun Capital Bancorp (NASDAQ:FSUN) was the target of a significant increase in short interest in the month of 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. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 475,955 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On FirstSun Capital Bancorp

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of FirstSun Capital Bancorp by 256.4% in the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock valued at $47,000 after purchasing an additional 918 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of FirstSun Capital Bancorp during the third quarter worth $75,000. Versant Capital Management Inc increased its holdings in FirstSun Capital Bancorp by 358.2% in the third quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock valued at $76,000 after buying an additional 1,533 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in FirstSun Capital Bancorp by 10,782.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company’s stock valued at $245,000 after buying an additional 6,254 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in FirstSun Capital Bancorp in the second quarter valued at $256,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Piper Sandler increased their target price on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Zacks Research downgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Stephens decreased their price objective on shares of FirstSun Capital Bancorp from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.25.

FirstSun Capital Bancorp Stock Down 0.3%

Shares of NASDAQ:FSUN traded down $0.10 during trading on Friday, hitting $37.95. The company’s stock had a trading volume of 197,779 shares, compared to its average volume of 389,613. The business has a 50 day moving average price of $39.66 and a two-hundred day moving average price of $37.81. The company has a market capitalization of $1.77 billion, a PE ratio of 19.26 and a beta of 0.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. FirstSun Capital Bancorp has a fifty-two week low of $29.95 and a fifty-two week high of $42.34.

FirstSun Capital Bancorp (NASDAQ:FSUN) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.28. The business 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%. As a group, research analysts expect that FirstSun Capital Bancorp will post 3.33 EPS for the current fiscal year.

About FirstSun Capital Bancorp

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.