Sun Bancorp, Inc. (SNBC) Scheduled to Post Quarterly Earnings on Wednesday
Sun Bancorp, Inc. (NASDAQ:SNBC) is scheduled to be releasing its earnings data before the market opens on Wednesday, July 26th. Analysts expect Sun Bancorp to post earnings of $0.09 per share for the quarter.
Sun Bancorp (NASDAQ:SNBC) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.01. Sun Bancorp had a return on equity of 21.16% and a net margin of 73.81%. The firm had revenue of $18.20 million for the quarter. On average, analysts expect Sun Bancorp to post $0.41 EPS for the current fiscal year and $0.54 EPS for the next fiscal year.
Sun Bancorp, Inc. (NASDAQ:SNBC) opened at 24.40 on Wednesday. Sun Bancorp, Inc. has a 1-year low of $20.65 and a 1-year high of $26.80. The company has a market cap of $465.04 million, a price-to-earnings ratio of 7.49 and a beta of 0.32. The company’s 50-day moving average is $24.86 and its 200 day moving average is $24.99.
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut Sun Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $27.50 to $28.00 in a report on Thursday, May 4th. Sandler O’Neill cut Sun Bancorp from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Wednesday, July 5th.
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About Sun Bancorp
Sun Bancorp, Inc is a bank holding company. The Company’s principal subsidiary is Sun National Bank (the Bank). Through the Bank, the Company provides an array of community banking services to consumers, small businesses and mid-size companies. The Company’s lending services to businesses include term loans, lines of credit and commercial mortgages.
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