Sun Bancorp, Inc. /NJ Company Profile (NASDAQ:SNBC)

About Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)

Sun Bancorp, Inc. /NJ 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: Regional - Northeast Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:SNBC
  • CUSIP: 86663B10
  • Web: www.sunnb.com
Capitalization:
  • Market Cap: $483.15 million
  • Outstanding Shares: 19,059,000
Average Prices:
  • 50 Day Moving Avg: $24.95
  • 200 Day Moving Avg: $24.99
  • 52 Week Range: $20.32 - $26.80
P/E:
  • Trailing P/E Ratio: 7.78
  • Foreward P/E Ratio: 46.94
  • P/E Growth: 7.62
Sales & Book Value:
  • Annual Revenue: $74.53 million
  • Price / Sales: 6.48
  • Book Value: $16.94 per share
  • Price / Book: 1.50
Dividend:
  • Annual Dividend: $0.04
  • Dividend Yield: 0.2%
Profitability:
  • Net Margins: 74.00%
  • Return on Equity: 23.34%
  • Return on Assets: 2.81%
Debt:
  • Debt-to-Equity Ratio: 0.69%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
Misc:
  • Average Volume: 24,347 shs.
  • Beta: 0.75
  • Short Ratio: 13.1
 

Frequently Asked Questions for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)

What is Sun Bancorp, Inc. /NJ's stock symbol?

Sun Bancorp, Inc. /NJ trades on the NASDAQ under the ticker symbol "SNBC."

How often does Sun Bancorp, Inc. /NJ pay dividends? What is the dividend yield for Sun Bancorp, Inc. /NJ?

Sun Bancorp, Inc. /NJ announced a quarterly dividend on Friday, April 28th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.01 per share on Tuesday, June 6th. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Friday, May 19th. View Sun Bancorp, Inc. /NJ's Dividend History.

When did Sun Bancorp, Inc. /NJ's stock split? How did Sun Bancorp, Inc. /NJ's stock split work?

Shares of Sun Bancorp, Inc. /NJ reverse split before market open on 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 market closes on Friday, August 8th 2014. An investor that had 100 shares of Sun Bancorp, Inc. /NJ stock prior to the reverse split would have 20 shares after the split.

How were Sun Bancorp, Inc. /NJ's earnings last quarter?

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) released its earnings results on Thursday, April, 27th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The company earned $18.20 million during the quarter. Sun Bancorp, Inc. /NJ had a return on equity of 23.34% and a net margin of 74.00%. View Sun Bancorp, Inc. /NJ's Earnings History.

When will Sun Bancorp, Inc. /NJ make its next earnings announcement?

Sun Bancorp, Inc. /NJ is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Sun Bancorp, Inc. /NJ.

Where is Sun Bancorp, Inc. /NJ's stock going? Where will Sun Bancorp, Inc. /NJ's stock price be in 2017?

1 equities research analysts have issued 1-year price objectives for Sun Bancorp, Inc. /NJ's stock. Their forecasts range from $28.00 to $28.00. On average, they anticipate Sun Bancorp, Inc. /NJ's stock price to reach $28.00 in the next year. View Analyst Ratings for Sun Bancorp, Inc. /NJ.

Are investors shorting Sun Bancorp, Inc. /NJ?

Sun Bancorp, Inc. /NJ saw a increase in short interest during the month of April. As of April 28th, there was short interest totalling 283,707 shares, an increase of 3.5% from the April 13th total of 274,232 shares. Based on an average daily trading volume, of 22,858 shares, the short-interest ratio is currently 12.4 days.

Who are some of Sun Bancorp, Inc. /NJ's key competitors?

Who owns Sun Bancorp, Inc. /NJ stock?

Sun Bancorp, Inc. /NJ's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include EJF Capital LLC (7.84%), Wellington Management Group LLP (3.80%), Dimensional Fund Advisors LP (2.88%), RMB Capital Management LLC (2.64%), Vanguard Group Inc. (2.32%) and Renaissance Technologies LLC (0.97%). Company insiders that own Sun Bancorp, Inc. /NJ stock include Anthony R Coscia, Keith Stock, Neelesh Kalani, Patricia M Schaubeck and Thomas M Obrien. View Institutional Ownership Trends for Sun Bancorp, Inc. /NJ.

Who sold Sun Bancorp, Inc. /NJ stock? Who is selling Sun Bancorp, Inc. /NJ stock?

Sun Bancorp, Inc. /NJ's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, River Oaks Capital LLC, Renaissance Technologies LLC, Morgan Stanley, JPMorgan Chase & Co., Wells Fargo & Company MN, Tocqueville Asset Management L.P. and Boston Partners. View Insider Buying and Selling for Sun Bancorp, Inc. /NJ.

Who bought Sun Bancorp, Inc. /NJ stock? Who is buying Sun Bancorp, Inc. /NJ stock?

Sun Bancorp, Inc. /NJ's stock was acquired by a variety of institutional investors in the last quarter, including EJF Capital LLC, Dimensional Fund Advisors LP, Mendon Capital Advisors Corp, RMB Capital Management LLC, Vanguard Group Inc., Citadel Advisors LLC, AlphaOne Investment Services LLC and Strs Ohio. Company insiders that have bought Sun Bancorp, Inc. /NJ 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, Inc. /NJ.

How do I buy Sun Bancorp, Inc. /NJ stock?

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

How much does a share of Sun Bancorp, Inc. /NJ stock cost?

One share of Sun Bancorp, Inc. /NJ stock can currently be purchased for approximately $25.35.

Analyst Ratings

Consensus Ratings for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $28.00 (10.45% upside)

Analysts' Ratings History for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$27.50 -> $28.00MediumView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Earnings by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Earnings History by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/24/2017        
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, Inc. /NJ (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, Inc. /NJ (NASDAQ:SNBC)
Next Dividend:6/6/2017
Annual Dividend:$0.04
Dividend Yield:0.16%
Payout Ratio:1.24% (Trailing 12 Months of Earnings)
9.76% (Based on This Year's Estimates)
7.41% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)

Dividend History by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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, Inc. /NJ (NASDAQ:SNBC)
Insider Ownership Percentage: 33.42%
Institutional Ownership Percentage: 69.24%
Insider Trades by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Institutional Ownership by Quarter for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Insider Trades by Quarter for Sun Bancorp, Inc. /NJ (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, Inc. /NJ (NASDAQ:SNBC)
Latest Headlines for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)
Source:
DateHeadline
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
finance.yahoo.com logoSun Bancorp, Inc. Announces Election of James B. Lockhart III to Company and Bank Boards
finance.yahoo.com - March 28 at 7:48 PM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 10 at 8:10 AM
finance.yahoo.com logoSun National Bank Announces New Branch Managers
finance.yahoo.com - March 6 at 12:28 PM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 3 at 7:55 PM
finance.yahoo.com logoSun Bancorp, Inc. Announces Resignation of Wilbur L. Ross, Jr. from Company and Bank Boards
finance.yahoo.com - March 2 at 7:58 PM
bizjournals.com logoFreshly minted U.S. Commerce Secretary resigns from local bank board
www.bizjournals.com - March 2 at 7:58 PM
seekingalpha.com logoSun Bancorp's (SNBC) CEO Thomas O'Brien on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 2 at 3:02 AM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 31-Jan-17 4:00pm GMT
finance.yahoo.com - February 1 at 5:38 AM
finance.yahoo.com logoSun National Bank to Host 2017 Volunteer Income Tax Assistance Sites in Atlantic, Burlington and Cumberland Counties in Partnership with United Way
finance.yahoo.com - January 23 at 9:34 PM
thestreet.com logoTrump Commerce Pick Wilbur Ross Steps Into Senate Spotlight, Cast as 'Pro-Sensible Trade'
us.rd.yahoo.com - January 18 at 11:19 PM
capitalcube.com logoSun Bancorp, Inc. (New Jersey) breached its 50 day moving average in a Bearish Manner : SNBC-US : January 18, 2017
us.rd.yahoo.com - January 18 at 11:19 PM
bizjournals.com logoHow Trump's commerce secretary pick helped save a local bank
www.bizjournals.com - November 30 at 8:10 PM
thestreet.com logoTrump to Nominate Mnuchin as Treasury Secretary, Ross as Commerce Secretary
www.thestreet.com - November 30 at 10:41 AM
bizjournals.com logoLawyer named chairman of South Jersey bank
www.bizjournals.com - November 28 at 5:30 PM
streetinsider.com logoSun Bancorp (SNBC) Announces Election of New Board Chair
www.streetinsider.com - November 23 at 10:47 AM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Other Events
biz.yahoo.com - November 22 at 7:43 PM
finance.yahoo.com logoSUN BANCORP INC /NJ/ Financials
finance.yahoo.com - November 16 at 7:49 PM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 8 at 7:25 PM
cnbc.com logoSun Bancorp posts 3Q profit
www.cnbc.com - November 2 at 11:04 AM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi
biz.yahoo.com - November 1 at 7:44 PM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 31-Oct-16 3:00pm GMT
finance.yahoo.com - November 1 at 12:05 PM
biz.yahoo.com logoQ3 2016 Sun Bancorp Inc Earnings Release - Before Market Open
biz.yahoo.com - October 31 at 8:14 AM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Event
biz.yahoo.com - October 28 at 7:09 PM
finance.yahoo.com logo8:46 am Sun Bancorp Chairman Sidney R. Brown to step down as Chair effective December 31; Brown will continue to serve on the Board
finance.yahoo.com - October 28 at 11:18 AM
finance.yahoo.com logoCybersecurity Month Tips for Business Owners: Four Facts that Companies Need to Know About Ransomware
finance.yahoo.com - October 18 at 12:45 PM
biz.yahoo.com logoSUN BANCORP INC /NJ/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - August 2 at 12:26 PM
finance.yahoo.com logoEdited Transcript of SNBC earnings conference call or presentation 26-Jul-16 3:00pm GMT
finance.yahoo.com - July 26 at 4:54 PM

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Chart

Sun Bancorp, Inc. /NJ (SNBC) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff