Sun Bancorp, Inc. (NASDAQ:SNBC) Scheduled to Post Earnings on Wednesday
Sun Bancorp, Inc. (NASDAQ:SNBC) is scheduled to release its earnings data before the market opens on Wednesday, July 26th. Analysts expect Sun Bancorp to post earnings of $0.09 per share for the quarter.
Sun Bancorp (NASDAQ:SNBC) last issued its earnings results on Thursday, April 27th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. Sun Bancorp had a net margin of 73.81% and a return on equity of 21.16%. The business had revenue of $18.20 million for the quarter. On average, analysts expect Sun Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Sun Bancorp, Inc. (NASDAQ SNBC) opened at 24.30 on Monday. The firm has a market capitalization of $463.13 million, a price-to-earnings ratio of 7.46 and a beta of 0.32. Sun Bancorp, Inc. has a 12 month low of $20.65 and a 12 month high of $26.80. The stock’s 50 day moving average is $24.83 and its 200 day moving average is $24.98.
Several equities analysts recently commented on SNBC shares. Sandler O’Neill downgraded shares of Sun Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Wednesday, July 5th. Keefe, Bruyette & Woods downgraded shares of Sun Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $27.50 to $28.00 in a research note on Thursday, May 4th.
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About Sun Bancorp
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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