Keefe, Bruyette & Woods Begins Coverage on Firstsun Capital Bancorp (NASDAQ:FSUN)

Stock analysts at Keefe, Bruyette & Woods started coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an "outperform" rating and a $46.00 price target on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 14.26% 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 price target for the company in a research report on Tuesday, November 19th.

Firstsun Capital Bancorp Stock Performance

FSUN traded up $0.77 during midday trading on Tuesday, reaching $40.26. The company had a trading volume of 31,921 shares, compared to its average volume of 32,175. The company's 50-day moving average price is $38.95. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28. 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

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. purchased a new position in Firstsun Capital Bancorp in the 3rd quarter worth approximately $2,816,000. Fourthstone LLC bought a new stake in shares of Firstsun Capital Bancorp during the third quarter valued at approximately $13,846,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Firstsun Capital Bancorp during the third quarter valued at approximately $873,000. State Street Corp purchased a new position in shares of Firstsun Capital Bancorp in the third quarter worth $1,367,000. Finally, Wellington Management Group LLP bought a new position in shares of Firstsun Capital Bancorp during the third quarter worth $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.