Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Time to Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Tuesday . Approximately 10,662 shares were traded during trading, a decline of 65% from the previous session’s volume of 30,397 shares.The stock last traded at $37.69 and had previously closed at $36.95.

Analysts Set New Price Targets

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

Firstsun Capital Bancorp Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50-day moving average price of $38.77.

Institutional Inflows and Outflows

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

Firstsun Capital Bancorp Company Profile

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers.