Firstsun Capital Bancorp (NASDAQ:FSUN) Reaches New 1-Year High – Still a Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.37 and last traded at $42.90, with a volume of 50213 shares trading hands. The stock had previously closed at $42.90.

Analysts Set New Price Targets

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 on the stock in a research note on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

The firm’s 50 day moving average price is $38.86. The company has a quick ratio of 1.02, a current ratio of 1.03 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 stock. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Firstsun Capital Bancorp in the third quarter valued at approximately $873,000. State Street Corp bought a new position in Firstsun Capital Bancorp in the third quarter valued at $1,367,000. Charles Schwab Investment Management Inc. acquired a new stake in Firstsun Capital Bancorp in the 3rd quarter valued at $2,816,000. Geode Capital Management LLC bought a new stake in Firstsun Capital Bancorp during the 3rd quarter worth about $3,066,000. Finally, Fourthstone LLC acquired a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $13,846,000.

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.