Firstsun Capital Bancorp (NASDAQ:FSUN) Upgraded by Raymond James to “Outperform” Rating

Raymond James upgraded shares of Firstsun Capital Bancorp (NASDAQ:FSUN) from a market perform rating to an outperform rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has $42.00 price objective on the stock.

Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ FSUN opened at $36.19 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a fifty day moving average of $40.07. Firstsun Capital Bancorp has a 12 month low of $31.00 and a 12 month high of $43.80.

Institutional Trading of Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in Firstsun Capital Bancorp during the 3rd quarter valued at about $103,024,000. Public Employees Retirement System of Ohio bought a new stake in Firstsun Capital Bancorp during the 3rd quarter valued at about $42,772,000. Fourthstone LLC bought a new stake in Firstsun Capital Bancorp during the 3rd quarter valued at about $13,846,000. Geode Capital Management LLC bought a new stake in Firstsun Capital Bancorp during the 3rd quarter valued at about $3,066,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Firstsun Capital Bancorp during the 3rd quarter valued at about $2,816,000.

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.