Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down – Should You Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $40.01, but opened at $39.11. Firstsun Capital Bancorp shares last traded at $39.99, with a volume of 8,946 shares traded.

Analysts Set New Price Targets

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

Firstsun Capital Bancorp Stock Performance

The stock has a 50 day moving average of $38.63. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28.

Institutional Trading of Firstsun Capital Bancorp

Several large investors have recently added to or reduced their stakes in FSUN. Charles Schwab Investment Management Inc. purchased a new stake in shares of Firstsun Capital Bancorp in the third quarter worth about $2,816,000. Fourthstone LLC acquired a new position in Firstsun Capital Bancorp during the 3rd quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Firstsun Capital Bancorp during the 3rd quarter worth approximately $873,000. State Street Corp purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth approximately $1,367,000. Finally, Wellington Management Group LLP acquired a new stake in Firstsun Capital Bancorp in the third quarter valued at approximately $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.