Somewhat Positive News Coverage Somewhat Unlikely to Affect Sun Bancorp (SNBC) Share Price
News stories about Sun Bancorp (NASDAQ:SNBC) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.7871414570502 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
SNBC has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 price objective on shares of Sun Bancorp in a report on Thursday, July 27th. Sandler O’Neill upgraded Sun Bancorp from a “hold” rating to a “buy” rating and decreased their price objective for the company from $27.00 to $26.50 in a report on Wednesday, September 20th. Finally, BidaskClub downgraded Sun Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
Sun Bancorp (NASDAQ:SNBC) traded down $0.15 during midday trading on Friday, hitting $24.95. The stock had a trading volume of 10,344 shares, compared to its average volume of 89,253. The stock has a market cap of $475.60, a P/E ratio of 7.72 and a beta of 0.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 1.00.
Sun Bancorp (NASDAQ:SNBC) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Sun Bancorp had a return on equity of 19.11% and a net margin of 72.60%. The firm had revenue of $18.87 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, November 20th. This represents a $0.04 annualized dividend and a yield of 0.16%. Sun Bancorp’s dividend payout ratio (DPR) is currently 1.24%.
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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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