Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – Here’s What Happened

Firstsun Capital Bancorp (NASDAQ:FSUN) shares gapped down prior to trading on Friday . The stock had previously closed at $43.48, but opened at $42.31. Firstsun Capital Bancorp shares last traded at $42.60, with a volume of 5,364 shares trading hands.

Analysts Set New Price Targets

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

Firstsun Capital Bancorp Stock Down 1.4 %

The company’s 50 day moving average price is $38.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03.

Institutional Investors Weigh In On Firstsun Capital Bancorp

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

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.