Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Should You Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares saw an uptick in trading volume on Friday . 43,964 shares traded hands during trading, an increase of 77% from the previous session’s volume of 24,866 shares.The stock last traded at $37.80 and had previously closed at $37.00.

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 target price for the company in a research note on Tuesday.

Firstsun Capital Bancorp Trading Up 1.8 %

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 has a 50 day moving average of $39.71.

Institutional Trading of Firstsun Capital Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp in the 3rd quarter valued at approximately $873,000. State Street Corp acquired a new position in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $1,367,000. Charles Schwab Investment Management Inc. acquired a new position in Firstsun Capital Bancorp in the 3rd quarter valued at $2,816,000. Geode Capital Management LLC acquired a new stake in Firstsun Capital Bancorp in the 3rd quarter worth about $3,066,000. Finally, Fourthstone LLC purchased a new position in Firstsun Capital Bancorp during the third quarter worth approximately $13,846,000.

Firstsun Capital Bancorp Company Profile

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.