Firstsun Capital Bancorp (NASDAQ:FSUN) Rating Increased to Outperform at Raymond James

Firstsun Capital Bancorp (NASDAQ:FSUN) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a $42.00 price objective on the stock. Raymond James’ price target points to a potential upside of 15.10% from the company’s previous close.

Firstsun Capital Bancorp Stock Performance

Shares of NASDAQ:FSUN traded up $0.10 during trading on Tuesday, reaching $36.49. 14,377 shares of the company traded hands, compared to its average volume of 23,921. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03. Firstsun Capital Bancorp has a 52-week low of $31.00 and a 52-week high of $43.80. The firm’s fifty day simple moving average is $40.20.

Institutional Trading of Firstsun Capital Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. bought a new position in Firstsun Capital Bancorp in the 3rd quarter valued at approximately $2,816,000. Fourthstone LLC purchased a new position in Firstsun Capital Bancorp during the third quarter valued at $13,846,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp in the third quarter worth about $873,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp in the third quarter worth about $1,367,000. Finally, Wellington Management Group LLP purchased a new position in shares of Firstsun Capital Bancorp during the 3rd quarter valued at about $103,024,000.

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.