Firstsun Capital Bancorp (NASDAQ:FSUN) Stock Price Down 4.5% – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN) fell 4.5% on Monday . The company traded as low as $40.92 and last traded at $40.92. 31,542 shares traded hands during trading, an increase of 2% from the average session volume of 30,837 shares. The stock had previously closed at $42.85.

Wall Street Analyst Weigh In

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

Firstsun Capital Bancorp Stock Down 6.9 %

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 fifty day simple moving average is $38.88.

Institutional Trading of Firstsun Capital Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FSUN. Charles Schwab Investment Management Inc. bought a new position in shares of Firstsun Capital Bancorp in the third quarter valued at $2,816,000. Wellington Management Group LLP acquired a new stake in shares of Firstsun Capital Bancorp during the third quarter worth $103,024,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Firstsun Capital Bancorp during the third quarter valued at $42,772,000. Fourthstone LLC acquired a new position in shares of Firstsun Capital Bancorp in the 3rd quarter valued at $13,846,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth about $873,000.

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.