Sun Bancorp (SNBC) Earns Daily News Sentiment Rating of 0.15

Media coverage about Sun Bancorp (NASDAQ:SNBC) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Bancorp earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.4671183147462 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Sun Bancorp (SNBC) opened at $24.70 on Friday. Sun Bancorp has a fifty-two week low of $22.10 and a fifty-two week high of $26.80. The company has a market cap of $465.96, a price-to-earnings ratio of 7.55 and a beta of 0.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

Sun Bancorp (NASDAQ:SNBC) last announced its earnings results 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. The firm had revenue of $18.87 million for the quarter. Sun Bancorp had a net margin of 14.52% and a return on equity of 3.36%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Monday, November 20th. Sun Bancorp’s payout ratio is 1.24%.

A number of brokerages have recently commented on SNBC. Sandler O’Neill upgraded shares of Sun Bancorp from a “hold” rating to a “buy” rating and dropped their target price for the company from $27.00 to $26.50 in a report on Wednesday, September 20th. BidaskClub cut shares of Sun Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 target price on shares of Sun Bancorp in a report on Thursday, July 27th.

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Sun Bancorp 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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