Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN) gapped down before the market opened on Friday . The stock had previously closed at $43.48, but opened at $42.31. Firstsun Capital Bancorp shares last traded at $42.60, with a volume of 5,364 shares traded.

Analysts Set New Price Targets

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 for the company in a research 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’s 50-day moving average is $38.86.

Institutional Investors Weigh In On Firstsun Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp in the third quarter valued at approximately $873,000. State Street Corp acquired a new position in shares of Firstsun Capital Bancorp in the third quarter worth about $1,367,000. Charles Schwab Investment Management Inc. acquired a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $2,816,000. Geode Capital Management LLC purchased a new position in shares of Firstsun Capital Bancorp during the 3rd quarter valued at approximately $3,066,000. Finally, Fourthstone LLC purchased a new position in Firstsun Capital Bancorp during the third quarter valued at $13,846,000.

About Firstsun Capital Bancorp

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.