Fourthstone LLC Takes $13.85 Million Position in Firstsun Capital Bancorp (NASDAQ:FSUN)

Fourthstone LLC acquired a new stake in Firstsun Capital Bancorp (NASDAQ:FSUN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,035 shares of the company’s stock, valued at approximately $13,846,000. Firstsun Capital Bancorp accounts for about 3.1% of Fourthstone LLC’s investment portfolio, making the stock its 9th biggest position.

Separately, Charles Schwab Investment Management Inc. acquired a new stake in Firstsun Capital Bancorp in the third quarter valued at approximately $2,816,000.

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 price objective on the stock in a report on Tuesday, November 19th.

Firstsun Capital Bancorp Price Performance

Shares of FSUN stock traded down $0.18 during midday trading on Thursday, reaching $38.52. 28,491 shares of the company traded hands, compared to its average volume of 25,644. 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 business’s 50 day moving average price is $39.37. Firstsun Capital Bancorp has a 1-year low of $31.50 and a 1-year high of $43.80.

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.