Firstsun Capital Bancorp (NASDAQ:FSUN) Coverage Initiated at Keefe, Bruyette & Woods

Investment analysts at Keefe, Bruyette & Woods started coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $46.00 price target on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.49% from the stock’s current price.

Separately, Raymond James upgraded 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 Stock Performance

Shares of NASDAQ FSUN opened at $39.49 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average is $38.95. Firstsun Capital Bancorp has a 1-year low of $33.31 and a 1-year high of $44.37.

Hedge Funds Weigh In On Firstsun Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of FSUN. Charles Schwab Investment Management Inc. acquired a new position in shares of Firstsun Capital Bancorp during the 3rd quarter worth about $2,816,000. Fourthstone LLC purchased a new stake in Firstsun Capital Bancorp during the third quarter worth approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Firstsun Capital Bancorp in the third quarter valued at approximately $873,000. State Street Corp purchased a new position in Firstsun Capital Bancorp in the third quarter valued at approximately $1,367,000. Finally, Wellington Management Group LLP purchased a new position in Firstsun Capital Bancorp in the third quarter valued at approximately $103,024,000.

Firstsun Capital Bancorp Company Profile

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.