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

Posted by Michael Baxter on Dec 4th, 2024

Firstsun Capital Bancorp (NASDAQ:FSUN – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $37.92, but opened at $37.11. Firstsun Capital Bancorp shares last traded at $38.05, with a volume of 7,991 shares trading hands.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on FSUN

Firstsun Capital Bancorp Stock Up 0.6 %

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 firm’s 50 day moving average price is $39.01.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fourthstone LLC acquired a new position in Firstsun Capital Bancorp during the 3rd quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Firstsun Capital Bancorp during the 3rd quarter worth approximately $873,000. Geode Capital Management LLC acquired a new position in Firstsun Capital Bancorp during the 3rd quarter worth approximately $3,066,000. State Street Corp purchased a new stake in Firstsun Capital Bancorp during the 3rd quarter worth approximately $1,367,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Firstsun Capital Bancorp during the 3rd quarter worth approximately $2,816,000.

About Firstsun Capital Bancorp

(Get Free Report)

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.