Sun Bancorp Inc. (New Jersey) PT Raised to $25.00 (SNBC)
Investment analysts at Keefe, Bruyette & Woods lifted their target price on shares of Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) from $5.00 to $25.00 in a note issued to investors on Wednesday. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 32.63% from the company’s current price.
Shares of Sun Bancorp Inc. (NASDAQ:SNBC) opened at 18.85 on Wednesday. Sun Bancorp Inc. has a 52-week low of $15.35 and a 52-week high of $22.00. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $18.48. The company’s market cap is $328.6 million.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.04. On average, analysts predict that Sun Bancorp Inc. will post $-1.48 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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 on Monday, July 7th.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).
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