Sun Bancorp Inc. (New Jersey) Given “Outperform” Rating at Keefe, Bruyette & Woods (SNBC)
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC)‘s stock had its “outperform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They currently have a $24.00 price objective on the stock, down from their previous price objective of $25.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 24.61% from the stock’s previous close.
Shares of Sun Bancorp Inc. (NASDAQ:SNBC) opened at 19.64 on Friday. Sun Bancorp Inc. has a one year low of $15.35 and a one year high of $22.00. The stock has a 50-day moving average of $19.67 and a 200-day moving average of $18.4. The company’s market cap is $342.6 million.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last issued its quarterly earnings data 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. Analysts expect that Sun Bancorp Inc. will post $-1.48 EPS for the current fiscal year.
Several other analysts have also recently commented on 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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