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Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) CEO Thomas M. Obrien bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $18.97 per share, with a total value of $47,425.00. Following the completion of the acquisition, the chief executive officer now directly owns 62,741 shares of the company’s stock, valued at approximately $1,190,197. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sun Bancorp Inc. (NASDAQ:SNBC) opened at 19.05 on Friday. Sun Bancorp Inc. has a 1-year low of $15.35 and a 1-year high of $22.00. The stock has a 50-day moving average of $19.50 and a 200-day moving average of $18.58. The company’s market cap is $332.3 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 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.

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 is a bank holding company. The Company’s principal subsidiary is Sun National Bank (NASDAQ:SNBC).

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