Sun Bancorp Inc. (New Jersey) Rating Lowered to Underperform at Zacks (SNBC)
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $3.10 price objective on the stock. Zacks‘ price target indicates a potential downside of 5.49% from the stock’s previous close.
Separately, analysts at Sandler O’Neill upgraded shares of Sun Bancorp Inc. (New Jersey) from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last released its earnings data on Wednesday, October 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.05. During the same quarter in the previous year, the company posted $0.01 earnings per share.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).
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