Shares of Sun Bancorp Inc. (NASDAQ:SNBC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.88 and last traded at $22.82, with a volume of 11,388 shares trading hands. The stock had previously closed at $22.68.

Separately, TheStreet raised Sun Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th.

The stock has a market cap of $430.75 million and a price-to-earnings ratio of 50.82. The stock has a 50 day moving average price of $22.02 and a 200-day moving average price of $21.35.

Sun Bancorp (NASDAQ:SNBC) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. On average, analysts expect that Sun Bancorp Inc. will post $0.37 earnings per share for the current year.

The company also recently disclosed a special dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be issued a $0.01 dividend. The ex-dividend date is Friday, August 19th.

Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (the Bank). Through the Bank, it provides an array of community banking services to consumers, small businesses and mid-size companies. The lending services to businesses include term loans, lines of credit and commercial mortgages.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.