Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – Time to Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares 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 changing hands.

Analyst Upgrades and Downgrades

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

Firstsun Capital Bancorp Stock Performance

The business has a 50-day moving average price of $38.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Institutional Investors Weigh In On Firstsun Capital Bancorp

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