Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – Time to Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares gapped down prior to trading on Friday . The stock had previously closed at $40.01, but opened at $39.11. Firstsun Capital Bancorp shares last traded at $39.99, with a volume of 8,946 shares changing hands.

Analyst Upgrades and Downgrades

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

Firstsun Capital Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a 50-day moving average price of $38.61.

Hedge Funds Weigh In On Firstsun Capital Bancorp

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