FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Large Growth in Short Interest

FirstSun Capital Bancorp (NASDAQ:FSUN) was the target of 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 trading volume, of 475,955 shares, the short-interest ratio is currently 4.3 days. Approximately 4.9% of the company’s stock are sold short.

FirstSun Capital Bancorp Stock Performance

FSUN traded up $0.67 during trading on Friday, hitting $38.72. 37,777 shares of the stock were exchanged, compared to its average volume of 251,660. The firm has a market capitalization of $1.80 billion, a P/E ratio of 19.65 and a beta of 0.34. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The stock has a fifty day moving average price of $39.70 and a two-hundred day moving average price of $37.81. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.11.

FirstSun Capital Bancorp (NASDAQ:FSUN) last released its quarterly earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a net margin of 6.60% and a return on equity of 7.16%. The firm had revenue of $184.14 million during the quarter. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 3.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Raymond James Financial reissued a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Piper Sandler boosted their price target on shares of FirstSun Capital Bancorp from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price objective on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Stephens dropped their price objective on 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 equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.25.

Institutional Investors Weigh In On FirstSun Capital Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in 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 purchasing an additional 918 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of FirstSun Capital Bancorp in the 3rd quarter valued at approximately $75,000. Versant Capital Management Inc lifted its holdings in shares of FirstSun Capital Bancorp by 358.2% in the 3rd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of FirstSun Capital Bancorp by 10,782.8% in the 2nd 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 period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of FirstSun Capital Bancorp in the 2nd quarter valued at approximately $256,000.

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.