Sun Bancorp, Inc. (SNBC) to Release Quarterly Earnings on Monday
Sun Bancorp, Inc. (NASDAQ:SNBC) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Sun Bancorp (NASDAQ:SNBC) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $17.86 million for the quarter. Sun Bancorp had a net margin of 72.03% and a return on equity of 19.63%. On average, analysts expect Sun Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Sun Bancorp, Inc. (SNBC) opened at 25.60 on Monday. The firm’s 50-day moving average is $24.35 and its 200-day moving average is $24.51. The firm has a market capitalization of $488.73 million, a price-to-earnings ratio of 8.08 and a beta of 0.29. Sun Bancorp, Inc. has a 1-year low of $22.10 and a 1-year high of $26.80.
Several research firms have recently weighed in on SNBC. Sandler O’Neill raised shares of Sun Bancorp from a “hold” rating to a “buy” rating and lowered their target price for the stock from $27.00 to $26.50 in a report on Wednesday, September 20th. BidaskClub lowered shares of Sun Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 target price on shares of Sun Bancorp in a report on Thursday, July 27th.
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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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