Firstsun Capital Bancorp (NASDAQ:FSUN) Shares Gap Down - Time to Sell?

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $43.00, but opened at $41.67. Firstsun Capital Bancorp shares last traded at $42.66, with a volume of 7,006 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $47.00 price objective (up from $46.00) on shares of Firstsun Capital Bancorp in a report on Monday, February 3rd. Raymond James raised shares of Firstsun Capital Bancorp from a "market perform" rating to an "outperform" rating and set a $42.00 price target on the stock in a research report on Tuesday, November 19th.

Firstsun Capital Bancorp Stock Performance

The company's fifty day simple moving average is $40.50 and its 200 day simple moving average is $40.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, analysts predict that Firstsun Capital Bancorp will post 3.6 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Firstsun Capital Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock worth $26,000 after purchasing an additional 405 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Firstsun Capital Bancorp by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,644 shares of the company's stock worth $2,669,000 after acquiring an additional 542 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Firstsun Capital Bancorp by 2.9% in the fourth quarter. Northern Trust Corp now owns 22,317 shares of the company's stock worth $894,000 after acquiring an additional 625 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Firstsun Capital Bancorp in the fourth quarter worth about $49,000. Finally, Bank of America Corp DE lifted its holdings in shares of Firstsun Capital Bancorp by 4,306.6% in the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock worth $161,000 after acquiring an additional 3,919 shares during the last quarter.

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.