Sun Bancorp (SNBC) Given News Impact Rating of 0.06
Media coverage about Sun Bancorp (NASDAQ:SNBC) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sun Bancorp earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.5883448720627 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Sun Bancorp (NASDAQ:SNBC) remained flat at $23.30 on Wednesday. 9,178 shares of the stock were exchanged. Sun Bancorp has a 52-week low of $22.10 and a 52-week high of $26.80. The company has a 50-day moving average of $23.79 and a 200 day moving average of $24.63. The company has a market capitalization of $444.82 million, a P/E ratio of 7.35 and a beta of 0.33.
Sun Bancorp (NASDAQ:SNBC) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. Sun Bancorp had a return on equity of 19.63% and a net margin of 72.03%. The firm had revenue of $17.86 million for the quarter. Equities analysts predict that Sun Bancorp will post $0.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.01 per share. The ex-dividend date is Friday, August 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. Sun Bancorp’s dividend payout ratio is currently 1.26%.
A number of research analysts have weighed in on SNBC shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 target price on shares of Sun Bancorp in a report on Thursday, July 27th. Sandler O’Neill downgraded Sun Bancorp from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Wednesday, July 5th. Finally, BidaskClub downgraded Sun Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
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Sun Bancorp Company Profile
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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