News stories about Sun Bancorp (NASDAQ:SNBC) have been trending somewhat positive on Thursday, AlphaOne reports. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Bancorp earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also assigned headlines about the financial services provider an impact score of 94 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
Sun Bancorp (NASDAQ:SNBC) remained flat at $25.40 during mid-day trading on Thursday. The company’s stock had a trading volume of 4,869 shares. The stock’s 50-day moving average is $25.17 and its 200-day moving average is $25.12. Sun Bancorp has a 12-month low of $20.32 and a 12-month high of $26.80. The firm has a market capitalization of $484.10 million, a PE ratio of 7.79 and a beta of 0.40.
Sun Bancorp (NASDAQ:SNBC) last issued its earnings results on Thursday, April 27th. The financial services provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $18.20 million for the quarter. Sun Bancorp had a return on equity of 21.16% and a net margin of 73.81%. Equities research analysts anticipate that Sun Bancorp will post $0.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Tuesday, May 23rd were paid a dividend of $0.01 per share. The ex-dividend date was Friday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. Sun Bancorp’s payout ratio is currently 1.23%.
Separately, Keefe, Bruyette & Woods cut Sun Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $27.50 to $28.00 in a research report on Thursday, May 4th.
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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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