Sun Bancorp Inc. (New Jersey) CEO Thomas M. Obrien Acquires 2,500 Shares (SNBC)
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) CEO Thomas M. Obrien acquired 2,500 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $18.97 per share, for a total transaction of $47,425.00. Following the completion of the transaction, the chief executive officer now directly owns 62,741 shares of the company’s stock, valued at approximately $1,190,197. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on SNBC shares. Analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Sun Bancorp Inc. (New Jersey) in a research note on Friday, August 15th. They now have a $24.00 price target on the stock, down previously from $25.00. Finally, 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. (NASDAQ:SNBC) traded down 0.26% on Wednesday, hitting $18.93. The stock had a trading volume of 7,856 shares. 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 $19.58 and a 200-day moving average of $18.58. The company’s market cap is $330.2 million.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last announced its earnings results on Thursday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the 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.
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).
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