Press coverage about Sun Bancorp (NASDAQ:SNBC) has been trending somewhat positive on Monday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sun Bancorp earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.4671183147462 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Sun Bancorp (NASDAQ:SNBC) traded up $0.55 during trading on Monday, hitting $26.20. The company had a trading volume of 63,318 shares, compared to its average volume of 42,906. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.00 and a quick ratio of 1.00. Sun Bancorp has a 1 year low of $22.45 and a 1 year high of $26.80. The firm has a market cap of $489.83, a P/E ratio of 7.94 and a beta of 0.24.
Sun Bancorp (NASDAQ:SNBC) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $18.87 million during the quarter. Sun Bancorp had a return on equity of 19.02% and a net margin of 72.60%.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st will be paid a $0.01 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.04 annualized dividend and a yield of 0.15%. Sun Bancorp’s payout ratio is currently 1.24%.
A number of equities research analysts have weighed in on the company. Sandler O’Neill raised Sun Bancorp from a “hold” rating to a “buy” rating and lowered their price objective for the company from $27.00 to $26.50 in a report on Wednesday, September 20th. BidaskClub downgraded shares of Sun Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.
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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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