Firstsun Capital Bancorp (NASDAQ:FSUN) Reaches New 12-Month High – Still a Buy?

Firstsun Capital Bancorp (NASDAQ:FSUN) shares reached a new 52-week high on Wednesday . The company traded as high as $44.37 and last traded at $42.90, with a volume of 50213 shares changing hands. The stock had previously closed at $42.90.

Analysts Set New Price Targets

Separately, Raymond James raised 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 Price Performance

The stock’s fifty day moving average is $38.81. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Firstsun Capital Bancorp

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

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.