Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Should You Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw strong trading volume on Thursday . 25,706 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 31,522 shares.The stock last traded at $40.59 and had previously closed at $40.05.

Analysts Set New Price Targets

Separately, Raymond James raised 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 Stock Down 0.3 %

The company has a 50-day moving average price of $38.58. 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 Trading of Firstsun Capital Bancorp

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