Sun Bancorp (SNBC) Earns Daily News Sentiment Score of 0.31
Media coverage about Sun Bancorp (NASDAQ:SNBC) has trended positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Bancorp earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.325048367047 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
SNBC has been the subject of several analyst reports. Sandler O’Neill lowered shares of Sun Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Wednesday, July 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.00 price objective on shares of Sun Bancorp in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of Sun Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.
Sun Bancorp (SNBC) remained flat at $25.00 during midday trading on Friday. 21,980 shares of the stock were exchanged. The firm’s 50-day moving average is $23.60 and its 200-day moving average is $24.40. The firm has a market cap of $477.28 million, a price-to-earnings ratio of 7.89 and a beta of 0.29. Sun Bancorp has a 12 month low of $22.10 and a 12 month high of $26.80.
Sun Bancorp (NASDAQ:SNBC) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $17.86 million during the quarter. Sun Bancorp had a return on equity of 19.63% and a net margin of 72.03%. Analysts forecast that Sun Bancorp will post $0.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 22nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Sun Bancorp’s dividend payout ratio is presently 1.26%.
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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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