Firstsun Capital Bancorp (NASDAQ:FSUN) Hits New 12-Month High – Here’s Why

Posted by Frank Smitson on Dec 13th, 2024

Firstsun Capital Bancorp (NASDAQ:FSUN – Get Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $44.37 and last traded at $42.90, with a volume of 50213 shares. The stock had previously closed at $42.90.

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 price objective for the company in a report on Tuesday, November 19th.

View Our Latest Research Report on Firstsun Capital Bancorp

Firstsun Capital Bancorp Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $38.86.

Institutional Trading of Firstsun Capital Bancorp

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

Firstsun Capital Bancorp Company Profile

(Get Free Report)

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.