Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw strong trading volume on Tuesday . 29,472 shares changed hands during trading, an increase of 14% from the previous session’s volume of 25,949 shares.The stock last traded at $38.34 and had previously closed at $38.24.

Analysts Set New Price Targets

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

Firstsun Capital Bancorp Price Performance

The company has a 50 day moving average price of $39.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSUN. Geode Capital Management LLC bought a new position in Firstsun Capital Bancorp in the third quarter worth $3,066,000. Public Employees Retirement System of Ohio acquired a new position in Firstsun Capital Bancorp during the third quarter worth $42,772,000. Wellington Management Group LLP bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $103,024,000. State Street Corp acquired a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $1,367,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new position in Firstsun Capital Bancorp during the 3rd quarter valued at about $873,000.

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.