Sun Bancorp Inc. (New Jersey) Director Anthony R. Coscia Purchases 5,000 Shares (SNBC)
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) Director Anthony R. Coscia purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $19.01 per share, with a total value of $95,050.00. Following the acquisition, the director now directly owns 27,073 shares of the company’s stock, valued at approximately $514,658. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
SNBC has been the subject of a number of recent research reports. 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 up 1.15% on Friday, hitting $19.27. 3,219 shares of the company’s stock traded hands. 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 $19.50 and a 200-day moving average of $18.58. The company’s market cap is $336.1 million.
Sun Bancorp Inc. (New Jersey) (NASDAQ:SNBC) last released its 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. 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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