State Street Corp Acquires Shares of 32,100 Firstsun Capital Bancorp (NASDAQ:FSUN)

State Street Corp acquired a new position in shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,100 shares of the company's stock, valued at approximately $1,367,000. State Street Corp owned about 0.12% of Firstsun Capital Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fourthstone LLC purchased a new position in Firstsun Capital Bancorp during the third quarter worth approximately $13,846,000. Charles Schwab Investment Management Inc. acquired a new position in Firstsun Capital Bancorp in the third quarter valued at $2,816,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in Firstsun Capital Bancorp during the third quarter valued at about $873,000.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Firstsun Capital Bancorp from a "market perform" rating to an "outperform" rating and set a $42.00 price objective on the stock in a report on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

FSUN traded down $0.57 during trading on Friday, hitting $39.29. 16,992 shares of the company's stock were exchanged, compared to its average volume of 51,446. The stock's 50 day moving average is $38.54. Firstsun Capital Bancorp has a 1 year low of $33.00 and a 1 year high of $44.37. 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 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.