Firstsun Capital Bancorp (NASDAQ:FSUN) Raised to “Outperform” at Raymond James

Raymond James upgraded shares of Firstsun Capital Bancorp (NASDAQ:FSUN) from a market perform rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has $42.00 price objective on the stock.

Firstsun Capital Bancorp Stock Up 2.5 %

FSUN stock opened at $37.91 on Tuesday. Firstsun Capital Bancorp has a 12 month low of $31.50 and a 12 month high of $43.80. The business has a 50-day moving average of $39.71. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FSUN. Wellington Management Group LLP purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $103,024,000. Public Employees Retirement System of Ohio purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $42,772,000. Fourthstone LLC purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $13,846,000. Geode Capital Management LLC purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $3,066,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $2,816,000.

About Firstsun Capital Bancorp

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.