Sun Bancorp Inc. (New Jersey) Downgraded to “Hold” at Sandler O’Neill (SNBC)
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) was downgraded by equities research analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Sun Bancorp Inc. (NASDAQ:SNBC) traded down 1.85% during mid-day trading on Monday, hitting $3.71. The stock had a trading volume of 66,770 shares. Sun Bancorp Inc. has a 1-year low of $2.95 and a 1-year high of $4.16. The stock’s 50-day moving average is $3.76 and its 200-day moving average is $3.5. The company’s market cap is $323.1 million.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Analysts expect that Sun Bancorp Inc. will post $-0.01 EPS for the current fiscal year.
Separately, analysts at Sterne Agee upgraded shares of Sun Bancorp Inc. (New Jersey) from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 3rd.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).
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