Schroder Investment Management Group lowered its holdings in Sun Bancorp, Inc. (NASDAQ:SNBC) by 43.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,130 shares of the financial services provider’s stock after selling 3,217 shares during the quarter. Schroder Investment Management Group’s holdings in Sun Bancorp were worth $103,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. EJF Capital LLC raised its position in shares of Sun Bancorp by 36.6% during the first quarter. EJF Capital LLC now owns 1,493,820 shares of the financial services provider’s stock worth $36,449,000 after acquiring an additional 400,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sun Bancorp by 23.8% during the first quarter. Dimensional Fund Advisors LP now owns 548,129 shares of the financial services provider’s stock worth $13,374,000 after acquiring an additional 105,284 shares during the last quarter. Mendon Capital Advisors Corp raised its position in shares of Sun Bancorp by 128.6% during the first quarter. Mendon Capital Advisors Corp now owns 96,788 shares of the financial services provider’s stock worth $2,362,000 after acquiring an additional 54,450 shares during the last quarter. RMB Capital Management LLC raised its position in shares of Sun Bancorp by 11.2% during the first quarter. RMB Capital Management LLC now owns 502,420 shares of the financial services provider’s stock worth $12,259,000 after acquiring an additional 50,450 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Sun Bancorp by 10.4% during the first quarter. Vanguard Group Inc. now owns 442,920 shares of the financial services provider’s stock worth $10,808,000 after acquiring an additional 41,758 shares during the last quarter. 70.66% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on SNBC. Sandler O’Neill downgraded Sun Bancorp from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 target price on shares of Sun Bancorp in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Sun Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

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Shares of Sun Bancorp, Inc. (SNBC) opened at 24.85 on Friday. The stock’s 50 day moving average price is $23.43 and its 200-day moving average price is $24.42. Sun Bancorp, Inc. has a 52-week low of $22.10 and a 52-week high of $26.80. The company has a market cap of $474.41 million, a P/E ratio of 7.84 and a beta of 0.33.

Sun Bancorp (NASDAQ:SNBC) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Sun Bancorp had a net margin of 72.03% and a return on equity of 19.63%. The firm had revenue of $17.86 million for the quarter. Equities analysts expect that Sun Bancorp, Inc. will post $0.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Friday, August 18th. Sun Bancorp’s dividend payout ratio (DPR) is 1.26%.

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.

Institutional Ownership by Quarter for Sun Bancorp (NASDAQ:SNBC)

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