Sun Bancorp Inc. (SNBC) Sets New 1-Year High at $22.40
Sun Bancorp Inc. (NASDAQ:SNBC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $22.40 and last traded at $22.29, with a volume of 10,334 shares trading hands. The stock had previously closed at $22.00.
Separately, Zacks Investment Research cut Sun Bancorp from a “hold” rating to a “sell” rating in a report on Friday, April 1st.
The stock has a market cap of $428.51 million and a PE ratio of 51.66. The company’s 50 day moving average is $21.32 and its 200-day moving average is $21.02.
Sun Bancorp (NASDAQ:SNBC) last posted its earnings results on Tuesday, May 3rd. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by $0.01. On average, equities analysts expect that Sun Bancorp Inc. will post $0.33 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of SNBC. EJF Capital LLC increased its position in Sun Bancorp by 1.1% in the fourth quarter. EJF Capital LLC now owns 1,027,207 shares of the financial services provider’s stock valued at $21,202,000 after buying an additional 11,108 shares in the last quarter. Boston Partners increased its position in Sun Bancorp by 4.5% in the fourth quarter. Boston Partners now owns 136,720 shares of the financial services provider’s stock valued at $2,822,000 after buying an additional 5,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Sun Bancorp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 455,667 shares of the financial services provider’s stock valued at $9,405,000 after buying an additional 4,667 shares in the last quarter.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (the Bank). Through the Bank, the Company provides an array of community banking services to consumers, small businesses and mid-size companies. The Company’s lending services to businesses include term loans, lines of credit and commercial mortgages.
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