Wolverine Asset Management LLC grew its holdings in Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) by 315.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,089 shares of the financial services provider’s stock after purchasing an additional 33,482 shares during the period. Wolverine Asset Management LLC owned about 0.23% of Sun Bancorp, Inc. /NJ worth $1,071,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. DLD Asset Management LP bought a new stake in shares of Sun Bancorp, Inc. /NJ in the 4th quarter worth $201,000. Nationwide Fund Advisors increased its holdings in shares of Sun Bancorp, Inc. /NJ by 6.6% in the 2nd quarter. Nationwide Fund Advisors now owns 8,733 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 543 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Sun Bancorp, Inc. /NJ in the 3rd quarter worth $241,000. Schroder Investment Management Group increased its holdings in shares of Sun Bancorp, Inc. /NJ by 109.6% in the 4th quarter. Schroder Investment Management Group now owns 10,145 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 5,305 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Sun Bancorp, Inc. /NJ in the 3rd quarter worth $301,000. 70.32% of the stock is owned by institutional investors and hedge funds.
Shares of Sun Bancorp, Inc. /NJ (SNBC) opened at $24.50 on Tuesday. The company has a market capitalization of $467.87 and a price-to-earnings ratio of 7.56. Sun Bancorp, Inc. /NJ has a fifty-two week low of $22.45 and a fifty-two week high of $26.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.43.
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Sun Bancorp, Inc. /NJ Company Profile
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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