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

Firstsun Capital Bancorp (NASDAQ:FSUN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $43.00, but opened at $41.67. Firstsun Capital Bancorp shares last traded at $42.66, with a volume of 7,006 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Raymond James upgraded Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report 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 firm has a fifty day moving average price of $40.41 and a 200 day moving average price of $40.47.

Firstsun Capital Bancorp (NASDAQ:FSUN) last announced its earnings results on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a return on equity of 8.56% and a net margin of 13.77%. On average, research analysts anticipate that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company’s stock valued at $26,000 after buying an additional 405 shares during the period. Quantbot Technologies LP acquired a new position in Firstsun Capital Bancorp during the fourth quarter valued at $49,000. EntryPoint Capital LLC acquired a new position in Firstsun Capital Bancorp during the fourth quarter valued at $220,000. King Luther Capital Management Corp acquired a new position in Firstsun Capital Bancorp in the 4th quarter worth about $250,000. Finally, Barclays PLC acquired a new position in Firstsun Capital Bancorp in the 4th quarter worth about $336,000.

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.