Firstsun Capital Bancorp (NASDAQ:FSUN) Trading 6.4% Higher – Still a Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN)’s share price traded up 6.4% on Thursday . The stock traded as high as $41.11 and last traded at $40.98. 538,319 shares changed hands during trading, an increase of 1,759% from the average session volume of 28,964 shares. The stock had previously closed at $38.51.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded 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 Trading Up 6.4 %

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 company has a 50 day simple moving average of $38.93.

Institutional Investors Weigh In On Firstsun Capital Bancorp

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

Firstsun Capital Bancorp Company Profile

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.