Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Still a Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Thursday . Approximately 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.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised 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 research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

The business’s fifty day simple moving average is $38.58. 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 Investors Weigh In On Firstsun Capital Bancorp

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP acquired a new position in shares of Firstsun Capital Bancorp during the 3rd quarter valued at $103,024,000. Public Employees Retirement System of Ohio acquired a new position in shares of Firstsun Capital Bancorp during the third quarter worth about $42,772,000. Fourthstone LLC acquired a new position in shares of Firstsun Capital Bancorp during the third quarter worth about $13,846,000. Geode Capital Management LLC purchased a new stake in shares of Firstsun Capital Bancorp in the third quarter worth about $3,066,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Firstsun Capital Bancorp in the third quarter valued at $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.