Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Down 4.5% – What’s Next?

Firstsun Capital Bancorp (NASDAQ:FSUN)’s share price traded down 4.5% during mid-day trading on Monday . The company traded as low as $40.92 and last traded at $40.92. 31,542 shares traded hands during trading, an increase of 2% from the average session volume of 30,837 shares. The stock had previously closed at $42.85.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

The business’s 50-day moving average price is $38.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Philadelphia Financial Management of San Francisco LLC bought a new position in Firstsun Capital Bancorp in the 3rd quarter valued at about $873,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $1,367,000. Charles Schwab Investment Management Inc. bought a new position in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $2,816,000. Geode Capital Management LLC purchased a new position in shares of Firstsun Capital Bancorp during the third quarter valued at approximately $3,066,000. Finally, Fourthstone LLC bought a new stake in Firstsun Capital Bancorp during the third quarter worth $13,846,000.

Firstsun Capital Bancorp Company Profile

FirstSun Capital Bancorp operates as a bank holding company for Sunflower Bank that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, and Arizona. The company offers deposit products, including noninterest bearing accounts, interest-bearing demand products, checking and savings accounts, money market and term certificate accounts, certificates of deposit, and treasury management products and services.