Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – Here’s Why

Firstsun Capital Bancorp (NASDAQ:FSUN) saw strong trading volume on Thursday . 25,706 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 31,522 shares.The stock last traded at $40.59 and had previously closed at $40.05.

Wall Street Analyst Weigh In

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

Firstsun Capital Bancorp Stock Performance

The firm has a 50 day simple moving average of $38.54. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Firstsun Capital Bancorp

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