Raymond James Upgrades Firstsun Capital Bancorp (NASDAQ:FSUN) to Outperform

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) was upgraded by research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a report issued on Tuesday, Marketbeat reports. The firm presently has a $42.00 price objective on the stock. Raymond James' price objective suggests a potential upside of 16.05% from the company's previous close.

Firstsun Capital Bancorp Stock Performance

Shares of FSUN stock traded down $0.20 on Tuesday, hitting $36.19. 73,097 shares of the stock traded hands, compared to its average volume of 24,219. 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 stock's fifty day moving average is $40.07. Firstsun Capital Bancorp has a 1-year low of $31.00 and a 1-year high of $43.80.

Hedge Funds Weigh In On Firstsun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $1,367,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $2,816,000. Geode Capital Management LLC acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $3,066,000. Finally, Fourthstone LLC acquired a new stake in shares of Firstsun Capital Bancorp in the 3rd quarter worth about $13,846,000.

Firstsun Capital Bancorp Company Profile

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.