Sun Bancorp, Inc. (NASDAQ:SNBC) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Shareholders of record on Tuesday, November 21st will be given a dividend of 0.01 per share by the financial services provider on Tuesday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Monday, November 20th.

Sun Bancorp (NASDAQ:SNBC) traded up $0.20 on Wednesday, reaching $24.40. 9,900 shares of the company’s stock were exchanged, compared to its average volume of 43,776. Sun Bancorp has a 52-week low of $22.10 and a 52-week high of $26.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.43. The company has a market cap of $462.14, a price-to-earnings ratio of 7.49 and a beta of 0.24.

Sun Bancorp (NASDAQ:SNBC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Sun Bancorp had a net margin of 72.60% and a return on equity of 19.02%. The company had revenue of $18.87 million for the quarter.

A number of equities research analysts have recently commented on SNBC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Sun Bancorp in a research note on Thursday, July 27th. BidaskClub lowered shares of Sun Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Sandler O’Neill raised shares of Sun Bancorp from a “hold” rating to a “buy” rating and reduced their price objective for the company from $27.00 to $26.50 in a research note on Wednesday, September 20th.

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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.

Dividend History for Sun Bancorp (NASDAQ:SNBC)

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