Firstsun Capital Bancorp (NASDAQ:FSUN) Reaches New 1-Year High – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.37 and last traded at $42.90, with a volume of 50213 shares traded. The stock had previously closed at $42.90.

Wall Street Analyst Weigh In

Separately, Raymond James raised shares of Firstsun Capital Bancorp from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Stock Performance

The company has a 50 day moving average of $38.81. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Firstsun Capital Bancorp

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