Firstsun Capital Bancorp (NASDAQ:FSUN) Sees Unusually-High Trading Volume – What’s Next?

Shares of Firstsun Capital Bancorp (NASDAQ:FSUN) saw unusually-strong trading volume on Tuesday . Approximately 10,662 shares were traded during trading, a decline of 65% from the previous session’s volume of 30,397 shares.The stock last traded at $37.69 and had previously closed at $36.95.

Analyst Upgrades and Downgrades

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

Firstsun Capital Bancorp Stock Up 2.2 %

The company has a 50 day moving average of $38.61. 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 Investors Weigh In On Firstsun Capital Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth $2,816,000. Fourthstone LLC bought a new stake in Firstsun Capital Bancorp in the third quarter worth about $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Firstsun Capital Bancorp in the 3rd quarter valued at about $873,000. State Street Corp bought a new position in shares of Firstsun Capital Bancorp during the 3rd quarter valued at about $1,367,000. Finally, Wellington Management Group LLP acquired a new position in shares of Firstsun Capital Bancorp in the 3rd quarter worth approximately $103,024,000.

About Firstsun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers.