Sun Bancorp Company Profile (NASDAQ:SNBC)

About Sun Bancorp (NASDAQ:SNBC)

Sun Bancorp logoSun 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. The Company's commercial deposit services include business checking and money market accounts, and cash management solutions, such as online banking, electronic bill payment and wire transfer services, lockbox services, remote deposit and controlled disbursement services. The Company's lending services to consumers consist primarily of lines of credit of overdraft sweeps. The Company's consumer deposit services include checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SNBC
  • CUSIP: 86663B10
  • Web: www.sunnb.com
Capitalization:
  • Market Cap: $462.02 million
  • Outstanding Shares: 19,091,000
Average Prices:
  • 50 Day Moving Avg: $23.43
  • 200 Day Moving Avg: $24.42
  • 52 Week Range: $22.10 - $26.80
P/E:
  • Trailing P/E Ratio: 7.67
  • P/E Growth: 7.38
Sales & Book Value:
  • Annual Revenue: $72.9 million
  • Price / Sales: 6.36
  • Book Value: $17.05 per share
  • Price / Book: 1.43
Dividend:
  • Annual Dividend: $0.04
  • Dividend Yield: 0.2%
Profitability:
  • Net Margins: 72.03%
  • Return on Equity: 19.63%
  • Return on Assets: 2.71%
Debt:
  • Debt-to-Equity Ratio: 0.52%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
Misc:
  • Average Volume: 44,052 shs.
  • Beta: 0.33
  • Short Ratio: 2.99
 

Frequently Asked Questions for Sun Bancorp (NASDAQ:SNBC)

What is Sun Bancorp's stock symbol?

Sun Bancorp trades on the NASDAQ under the ticker symbol "SNBC."

How often does Sun Bancorp pay dividends? What is the dividend yield for Sun Bancorp?

Sun Bancorp declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.01 per share on Wednesday, September 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Friday, August 18th. View Sun Bancorp's Dividend History.

When did Sun Bancorp's stock split? How did Sun Bancorp's stock split work?

Shares of Sun Bancorp reverse split on the morning of Monday, August 11th 2014. The 1-5 reverse split was announced on Thursday, July 3rd 2014. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 8th 2014. An investor that had 100 shares of Sun Bancorp stock prior to the reverse split would have 20 shares after the split.

How were Sun Bancorp's earnings last quarter?

Sun Bancorp, Inc. (NASDAQ:SNBC) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The business had revenue of $17.86 million for the quarter. Sun Bancorp had a return on equity of 19.63% and a net margin of 72.03%. View Sun Bancorp's Earnings History.

When will Sun Bancorp make its next earnings announcement?

Sun Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Sun Bancorp.

Where is Sun Bancorp's stock going? Where will Sun Bancorp's stock price be in 2017?

2 brokerages have issued 12 month price targets for Sun Bancorp's stock. Their forecasts range from $26.50 to $28.00. On average, they anticipate Sun Bancorp's stock price to reach $27.25 in the next twelve months. View Analyst Ratings for Sun Bancorp.

Who are some of Sun Bancorp's key competitors?

Who are Sun Bancorp's key executives?

Sun Bancorp's management team includes the folowing people:

  • Anthony R. Coscia, Independent Chairman of the Board
  • Thomas M. O'Brien, President, Chief Executive Officer, Director
  • Thomas R. Brugger, Chief Financial Officer, Executive Vice President
  • Michele B. Estep, Executive Vice President, Chief Administrative Officer
  • Patricia M. Schaubeck, Executive Vice President, General Counsel
  • Nicos Katsoulis, Executive Vice President and Chief Lending Officer
  • Anthony J. Morris, Executive Vice President and Chief Banking Officer
  • Jeffrey S. Brown, Director
  • Sidney R. Brown, Director
  • James B. Lockhart III, Director

Who owns Sun Bancorp stock?

Sun Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include The Manufacturers Life Insurance Company (3.47%), Dimensional Fund Advisors LP (2.96%), Vanguard Group Inc. (2.26%), State Street Corp (1.08%), AlphaOne Investment Services LLC (0.82%) and Boston Partners (0.76%). Company insiders that own Sun Bancorp stock include Anthony R Coscia, Keith Stock, Neelesh Kalani, Patricia M Schaubeck and Thomas M Obrien. View Institutional Ownership Trends for Sun Bancorp.

Who sold Sun Bancorp stock? Who is selling Sun Bancorp stock?

Sun Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Vanguard Group Inc., First Trust Advisors LP, TIAA CREF Investment Management LLC, Schroder Investment Management Group, California State Teachers Retirement System, Bank of New York Mellon Corp and Rhumbline Advisers. View Insider Buying and Selling for Sun Bancorp.

Who bought Sun Bancorp stock? Who is buying Sun Bancorp stock?

Sun Bancorp's stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., State Street Corp, Stifel Financial Corp, AlphaOne Investment Services LLC, Boston Partners, Dimensional Fund Advisors LP, Strs Ohio and The Manufacturers Life Insurance Company . Company insiders that have bought Sun Bancorp stock in the last two years include Anthony R Coscia, Keith Stock, Patricia M Schaubeck and Thomas M Obrien. View Insider Buying and Selling for Sun Bancorp.

How do I buy Sun Bancorp stock?

Shares of Sun Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Sun Bancorp's stock price today?

One share of Sun Bancorp stock can currently be purchased for approximately $24.30.


MarketBeat Community Rating for Sun Bancorp (NASDAQ SNBC)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  56 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  135
MarketBeat's community ratings are surveys of what our community members think about Sun Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Sun Bancorp (NASDAQ:SNBC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $27.25 (12.14% upside)

Analysts' Ratings History for Sun Bancorp (NASDAQ:SNBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/20/2017Sandler O'NeillUpgradeHold -> Buy$27.00 -> $26.50HighView Rating Details
7/27/2017Keefe, Bruyette & WoodsReiterated RatingBuy$28.00LowView Rating Details
(Data available from 9/23/2015 forward)

Earnings

Earnings History for Sun Bancorp (NASDAQ:SNBC)
Earnings by Quarter for Sun Bancorp (NASDAQ:SNBC)
Earnings History by Quarter for Sun Bancorp (NASDAQ SNBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.12N/AView Earnings Details
7/26/2017Q2 2017$0.09$0.08$17.86 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.08$0.07$18.20 millionViewN/AView Earnings Details
1/31/2017Q416$0.10$0.12$15.44 million$18.15 millionViewN/AView Earnings Details
10/31/2016Q316$0.10$0.09$15.36 million$17.85 millionViewListenView Earnings Details
7/26/2016Q216$0.08$0.16$15.16 million$18.65 millionViewListenView Earnings Details
5/2/2016Q116$0.05$0.04$15.32 million$17.65 millionViewN/AView Earnings Details
2/1/2016Q415$0.06$0.08$15.64 million$18.02 millionViewN/AView Earnings Details
10/26/2015Q315$0.03$0.17$16.32 million$21.67 millionViewListenView Earnings Details
7/27/2015Q215$0.01$0.15$20.33 million$20.25 millionViewListenView Earnings Details
4/27/2015Q115$0.01$0.15$30.36 million$28.28 millionViewN/AView Earnings Details
1/26/2015Q414($0.03)($0.15)$22.42 million$21.17 millionViewN/AView Earnings Details
10/22/2014Q3($0.02)($0.05)$24.26 million$23.62 millionViewN/AView Earnings Details
7/31/2014Q2($0.01)($0.05)$25.62 million$24.59 millionViewN/AView Earnings Details
4/23/2014($0.03)($0.02)$26.34 millionViewN/AView Earnings Details
1/22/2014Q4 13($0.03)($0.10)ViewN/AView Earnings Details
10/23/2013Q3 13($0.01)($0.06)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Sun Bancorp (NASDAQ:SNBC)
2017 EPS Consensus Estimate: $1.00
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.20$0.20$0.20
Q2 20171$0.23$0.23$0.23
Q3 20171$0.27$0.27$0.27
Q4 20171$0.30$0.30$0.30
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Sun Bancorp (NASDAQ:SNBC)
Most Recent Dividend:9/6/2017
Annual Dividend:$0.04
Dividend Yield:0.16%
Payout Ratio:1.26% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for Sun Bancorp (NASDAQ:SNBC)

Dividend History by Quarter for Sun Bancorp (NASDAQ SNBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017Quarterly$0.010.16%8/18/20178/22/20179/6/2017
4/28/2017quarterly$0.010.16%5/19/20175/23/20176/6/2017
2/1/2017quarterly$0.010.16%2/23/20172/27/20173/13/2017
10/28/2016quarterly$0.010.17%11/23/201611/28/201612/12/2016
7/27/2016special$0.018/19/20168/23/20169/6/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Sun Bancorp (NASDAQ:SNBC)
Insider Ownership Percentage: 12.53%
Institutional Ownership Percentage: 70.66%
Insider Trades by Quarter for Sun Bancorp (NASDAQ:SNBC)
Institutional Ownership by Quarter for Sun Bancorp (NASDAQ:SNBC)
Insider Trades by Quarter for Sun Bancorp (NASDAQ:SNBC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/28/2017Keith StockDirectorBuy2,000$26.09$52,180.00View SEC Filing  
5/17/2016Neelesh KalaniCAOSell595$21.58$12,840.10View SEC Filing  
2/22/2016Patricia M. SchaubeckEVPBuy500$20.59$10,295.00View SEC Filing  
2/11/2016Anthony R. CosciaDirectorBuy2,000$20.50$41,000.00View SEC Filing  
2/11/2016Thomas M. ObrienCEOBuy5,000$20.46$102,300.00View SEC Filing  
2/9/2016Patricia M. SchaubeckEVPBuy500$20.76$10,380.00View SEC Filing  
11/13/2015Keith StockDirectorBuy8,570$21.37$183,140.90View SEC Filing  
5/13/2015Thomas M ObrienCEOBuy5,000$18.91$94,550.00View SEC Filing  
5/6/2015Keith StockDirectorBuy1,000$18.74$18,740.00View SEC Filing  
2/17/2015Thomas M ObrienCEOBuy5,000$18.79$93,950.00View SEC Filing  
11/26/2014Keith StockDirectorBuy5,000$18.89$94,450.00View SEC Filing  
11/26/2014Patricia M SchaubeckEVPBuy1,500$18.83$28,245.00View SEC Filing  
11/21/2014Thomas M ObrienCEOBuy10,000$18.78$187,800.00View SEC Filing  
8/21/2014Anthony R CosciaDirectorBuy5,000$19.01$95,050.00View SEC Filing  
8/20/2014Thomas R BruggerCFOBuy4,000$18.90$75,600.00View SEC Filing  
8/19/2014Thomas M ObrienCEOBuy2,500$18.97$47,425.00View SEC Filing  
5/7/2014Philip NorcrossDirectorBuy25,000$3.61$90,250.00View SEC Filing  
1/30/2014Keith StockDirectorBuy1,000$3.33$3,330.00View SEC Filing  
1/30/2013Thomas R BruggerCFOBuy20,000$3.43$68,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Sun Bancorp (NASDAQ:SNBC)
Latest Headlines for Sun Bancorp (NASDAQ:SNBC)
Source:
DateHeadline
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bullish Manner : SNBC-US : September 22, 2017
finance.yahoo.com - September 23 at 7:30 AM
americanbankingnews.com logoSandler O'Neill Upgrades Sun Bancorp, Inc. (SNBC) to Buy
www.americanbankingnews.com - September 20 at 9:46 AM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) : SNBC-US: Dividend Analysis : August 22nd, 2017 (record date) : By the numbers : September 19, 2017
finance.yahoo.com - September 20 at 9:11 AM
finance.yahoo.com logoSun Bancorp, Inc. to Release Third Quarter Earnings on Thursday, October 26, 2017
finance.yahoo.com - September 8 at 8:30 AM
nasdaq.com logoThe Sun Sets Over Grand Teton: Global Week Ahead
www.nasdaq.com - August 23 at 11:43 AM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 26-Jul-17 3:00pm GMT
finance.yahoo.com - July 28 at 8:05 AM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 26-Jul-17 3:00pm GMT
finance.yahoo.com - July 28 at 8:05 AM
americanbankingnews.com logoKeefe, Bruyette & Woods Reaffirms Buy Rating for Sun Bancorp, Inc. (NASDAQ:SNBC)
www.americanbankingnews.com - July 28 at 12:56 AM
americanbankingnews.com logoSun Bancorp, Inc. (SNBC) Posts Earnings Results
www.americanbankingnews.com - July 27 at 5:21 PM
americanbankingnews.com logoSun Bancorp, Inc. (SNBC) Announces Quarterly Dividend of $0.01
www.americanbankingnews.com - July 27 at 12:12 PM
americanbankingnews.com logoSun Bancorp, Inc. (SNBC) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - July 19 at 10:11 AM
americanbankingnews.com logoComparing Sun Bancorp (NASDAQ:SNBC) and 1st United Bancorp Inc (Florida) (FUBC)
www.americanbankingnews.com - July 16 at 8:30 AM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Sun Bancorp, Inc. and Encourages Shareholders to Contact the Firm for Additional Information
finance.yahoo.com - July 11 at 3:18 PM
finance.yahoo.com logoSUN BANCORP, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to OceanFirst Financial Corp.
finance.yahoo.com - July 11 at 7:51 AM
americanbankingnews.com logoSandler O'Neill Downgrades Sun Bancorp, Inc. (SNBC) to Hold
www.americanbankingnews.com - July 9 at 8:28 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whether the Sale of Sun Bancorp, Inc. to OceanFirst Financial Corp. for $25.27 Per Share is Fair to Shareholders
finance.yahoo.com - July 6 at 9:35 AM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of Sun Bancorp, Inc.
finance.yahoo.com - July 6 at 9:35 AM
benzinga.com logoSUN BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY...
www.benzinga.com - July 2 at 8:34 PM
businesswire.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Sun Bancorp, Inc. to OceanFirst Financial Corp. for $25.27 Per ...
www.businesswire.com - July 2 at 7:22 AM
seekingalpha.com logoSun Bancorp (SNBC) To Be Acquired By OceanFirst Financial (OCFC) - Slideshow
seekingalpha.com - July 2 at 7:22 AM
finance.yahoo.com logoShareholder Alert: Ademi & O’Reilly, LLP Investigates whether Sun Bancorp, Inc. has obtained a Fair Price in its Sale to OceanFirst Financial Corp.
finance.yahoo.com - July 1 at 7:39 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Sun Bancorp, Inc. to OceanFirst Financial Corp. for $25.27 Per Share is Fair to Shareholders
finance.yahoo.com - July 1 at 7:39 AM
finance.yahoo.com logoOceanFirst Financial Corp. Announces Agreement to Acquire Sun Bancorp, Inc.
finance.yahoo.com - June 30 at 6:46 AM
finance.yahoo.com logoOceanFirst Financial Corp. Announces Agreement to Acquire Sun Bancorp, Inc.
finance.yahoo.com - June 30 at 6:46 AM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bearish Manner : SNBC-US : June 21, 2017
finance.yahoo.com - June 22 at 1:39 PM
finance.yahoo.com logoSun Bancorp, Inc. to Host Second Quarter Earnings Conference Call Wednesday, July 26, 2017 at 11:00 a.m. (EDT)
finance.yahoo.com - June 15 at 12:42 AM
finance.yahoo.com logoETFs with exposure to Sun Bancorp, Inc. (New Jersey) : June 9, 2017
finance.yahoo.com - June 9 at 8:07 PM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) :SNBC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 8, 2017
finance.yahoo.com - June 8 at 11:39 PM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bullish Manner : SNBC-US : June 2, 2017
finance.yahoo.com - June 3 at 1:16 AM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) : SNBC-US: Dividend Analysis : May 23rd, 2017 (record date) : By the numbers : May 23, 2017
finance.yahoo.com - May 23 at 7:18 PM
finance.yahoo.com logoSun Bancorp, Inc. Announces Redemption of $40 Million of Trust Preferred Securities
finance.yahoo.com - May 23 at 7:18 PM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bearish Manner : SNBC-US : May 22, 2017
finance.yahoo.com - May 22 at 8:56 AM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Sees Significant Growth in Short Interest
www.americanbankingnews.com - May 12 at 5:22 PM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Receiving Somewhat Favorable Media Coverage, Study Shows
www.americanbankingnews.com - May 4 at 2:30 PM
americanbankingnews.com logoKeefe, Bruyette & Woods Lowers Sun Bancorp, Inc. /NJ (SNBC) to Market Perform
www.americanbankingnews.com - May 4 at 9:57 AM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Given News Sentiment Rating of 0.12
www.americanbankingnews.com - May 1 at 3:24 PM
seekingalpha.com logoSun Bancorp's (SNBC) CEO Thomas O'Brien on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 30 at 3:23 PM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Announces Earnings Results
www.americanbankingnews.com - April 29 at 1:01 AM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Announces Quarterly Dividend of $0.01
www.americanbankingnews.com - April 28 at 11:52 PM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Posts Earnings Results
www.americanbankingnews.com - April 28 at 6:46 PM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Given News Impact Rating of 0.10
www.americanbankingnews.com - April 28 at 4:38 PM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 27-Apr-17 3:00pm GMT
finance.yahoo.com - April 28 at 4:07 PM
finance.yahoo.com logoSun Bancorp, Inc. Announces First Quarter Net Income of $1.4 Million, or $0.07 per Diluted Share; Board …
finance.yahoo.com - April 27 at 3:23 PM
finance.yahoo.com logoSun Bancorp, Inc. Announces First Quarter Net Income of $1.4 Million, or $0.07 per Diluted Share; Board of Directors Declares Quarterly Dividend of $0.01
finance.yahoo.com - April 27 at 3:23 PM
finance.yahoo.com logoSun Bancorp posts 1Q profit
finance.yahoo.com - April 27 at 3:23 PM
finance.yahoo.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bullish Manner : SNBC-US : April 21, 2017
finance.yahoo.com - April 21 at 7:40 PM
americanbankingnews.com logoSun Bancorp, Inc. /NJ (SNBC) Earns Daily Coverage Optimism Score of 0.56
www.americanbankingnews.com - April 20 at 1:08 PM
americanbankingnews.com logoVery Favorable News Coverage Extremely Likely to Effect Sun Bancorp, Inc. /NJ (SNBC) Stock Price
www.americanbankingnews.com - April 17 at 12:48 PM
finance.yahoo.com logoSun Bancorp, Inc. to Host First Quarter Earnings Conference Call Thursday, April 27, 2017 at 11:00 a.m. (EDT)
finance.yahoo.com - April 7 at 12:39 PM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
biz.yahoo.com - March 31 at 8:10 PM

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Chart

Sun Bancorp (SNBC) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by MarketBeat.com Staff