Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Strong Trading Volume – What’s Next?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw unusually-high trading volume on Tuesday . Approximately 10,662 shares changed hands 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.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded 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 note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

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

Institutional Inflows and Outflows

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

About Firstsun Capital Bancorp

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.