Sun Bancorp, Inc. /NJ (SNBC) to Release Quarterly Earnings on Monday

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) is scheduled to issue its quarterly earnings data before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Sun Bancorp, Inc. /NJ had a net margin of 72.60% and a return on equity of 19.02%. The firm had revenue of $18.87 million during the quarter.

Shares of Sun Bancorp, Inc. /NJ (SNBC) opened at $25.80 on Monday. Sun Bancorp, Inc. /NJ has a 52-week low of $22.45 and a 52-week high of $26.70. The firm has a market cap of $492.70, a P/E ratio of 7.99 and a beta of 0.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.00 and a quick ratio of 1.00.

Several equities research analysts have recently weighed in on SNBC shares. BidaskClub cut shares of Sun Bancorp, Inc. /NJ from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 price target on shares of Sun Bancorp, Inc. /NJ in a research report on Friday, December 22nd.

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About Sun Bancorp, Inc. /NJ

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.

Earnings History for Sun Bancorp, Inc. /NJ (NASDAQ:SNBC)

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