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

Firstsun Capital Bancorp (NASDAQ:FSUN) gapped down prior to trading on Wednesday . The stock had previously closed at $37.92, but opened at $37.11. Firstsun Capital Bancorp shares last traded at $38.05, with a volume of 7,991 shares trading hands.

Analyst Ratings Changes

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

Firstsun Capital Bancorp Price Performance

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 stock’s 50-day simple moving average is $38.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Philadelphia Financial Management of San Francisco LLC bought a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $873,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth $1,367,000. Charles Schwab Investment Management Inc. bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth $2,816,000. Geode Capital Management LLC bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth $3,066,000. Finally, Fourthstone LLC bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth $13,846,000.

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.