Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) issued its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.05, AnalystRatingsNetwork.com reports.
On the ratings front, analysts at Keefe, Bruyette & Woods upgraded shares of Sun Bancorp Inc. (New Jersey) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 12th. They now have a $5.00 price target on the stock, up previously from $3.50.
Sun Bancorp Inc. (NASDAQ:SNBC) traded down 1.37% on Wednesday, hitting $3.60. The stock had a trading volume of 82,268 shares. Sun Bancorp Inc. has a 1-year low of $2.80 and a 1-year high of $3.77. The stock has a 50-day moving average of $3.55 and a 200-day moving average of $3.35. The company’s market cap is $311.4 million.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).
This article (Sun Bancorp Inc. (New Jersey) (SNBC) Announces Quarterly Earnings, Misses Expectations By $0.05 EPS) was originally developed by and is property of American Banking News.
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