Firstsun Capital Bancorp (NASDAQ:FSUN) Trading Down 4.5% – Should You Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares fell 4.5% on Monday . The stock traded as low as $40.92 and last traded at $40.92. 31,542 shares traded hands during trading, an increase of 2% from the average session volume of 30,837 shares. The stock had previously closed at $42.85.

Analyst Upgrades and Downgrades

Separately, Raymond James raised 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 report on Tuesday, November 19th.

Firstsun Capital Bancorp Stock Performance

The firm’s 50 day moving average is $38.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in Firstsun Capital Bancorp during the third quarter worth about $3,066,000. Public Employees Retirement System of Ohio bought a new stake in shares of Firstsun Capital Bancorp during the 3rd quarter valued at about $42,772,000. Wellington Management Group LLP purchased a new position in shares of Firstsun Capital Bancorp during the third quarter worth about $103,024,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp in the third quarter worth approximately $1,367,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in Firstsun Capital Bancorp during the third quarter valued at approximately $873,000.

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.