Today’s Dividend Action: Dec 12, 2016 is the day that Sun Bancorp, Inc. (NASDAQ:SNBC) claims $0.01 dividends could be paid.

Today's Dividend Action: Dec 12, 2016 is the day that Sun Bancorp, Inc. (NASDAQ:SNBC) claims $0.01 dividends could be paid.

Sun Bancorp, Inc. (NASDAQ:SNBC) is expected to pay $0.01 on Dec 12, 2016. The indicated annual dividend is $0.04. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Sun Bancorp, Inc.’s current price of $24.15, the dividend is 0.04%. This dividend’s record date is Nov 28, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.21% or $0.05 on November 21, hitting $24.15. Sun Bancorp, Inc. NJ (NASDAQ:SNBC) has risen 9.77% since April 20, 2016 and is uptrending. It has outperformed by 5.22% the S&P500.

Sun Bancorp, Inc. is a bank holding company. The company has a market cap of $457.31 million. The Company’s principal subsidiary is Sun National Bank . It has a 66.45 P/E ratio. Through the Bank, it provides an array of community banking services to consumers, small businesses and mid-size companies.

Insitutional Activity: The institutional sentiment decreased to 1.65 in 2016 Q2. Its down 0.85, from 2.5 in 2016Q1. The ratio is negative, as 3 funds sold all Sun Bancorp, Inc. NJ shares owned while 11 reduced positions. 6 funds bought stakes while 29 increased positions. They now own 6.70 million shares or 0.85% more from 6.65 million shares in 2016Q1.
Ejf Cap Limited Liability Corporation holds 1.09M shares or 2.12% of its portfolio. State Street Corporation holds 0% or 130,416 shares in its portfolio. Morgan Stanley reported 13,180 shares or 0% of all its holdings. Rhumbline Advisers, a Massachusetts-based fund reported 11,851 shares. Nationwide Fund Advsr accumulated 0% or 6,491 shares. Teacher Retirement Sys Of Texas holds 0% of its portfolio in Sun Bancorp, Inc. NJ (NASDAQ:SNBC) for 1,445 shares. Blackrock has 1,844 shares for 0% of their US portfolio. Legal And General Group Plc has 0% invested in the company for 1,681 shares. Goldman Sachs Gru, a New York-based fund reported 10,625 shares. Bnp Paribas Arbitrage Sa holds 0% or 418 shares in its portfolio. The Pennsylvania-based Glenmede Na has invested 0% in Sun Bancorp, Inc. NJ (NASDAQ:SNBC). Peak6 Limited Partnership, a Illinois-based fund reported 7,445 shares. The New York-based Alliancebernstein Limited Partnership has invested 0% in Sun Bancorp, Inc. NJ (NASDAQ:SNBC). Metropolitan Life Insur Company Ny accumulated 0% or 6,951 shares. Teachers reported 17,651 shares or 0% of all its holdings.

More notable recent Sun Bancorp, Inc. NJ (NASDAQ:SNBC) news were published by: Prnewswire.com which released: “Sun Bancorp, Inc. Announces Board Chair Transition” on October 28, 2016, also Prnewswire.com with their article: “Sun Bancorp, Inc. Declares Quarterly Cash Dividend of $0.01 Per Share” published on October 27, 2016, Prnewswire.com published: “Sun Bancorp, Inc. Announces Termination of Formal Agreement with the Office of …” on January 25, 2016. More interesting news about Sun Bancorp, Inc. NJ (NASDAQ:SNBC) were released by: Prnewswire.com and their article: “Sun Bancorp, Inc. Names Grace C. Torres to Board of Directors” published on July 23, 2015 as well as Prnewswire.com‘s news article titled: “Sun Bancorp, Inc. Names F. Clay Creasey to Board of Directors” with publication date: April 21, 2014.

SNBC 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. The Company’s commercial deposit services include business checking and money market accounts, and cash management solutions, such as online banking, electronic bill payment and wire transfer services, lockbox services, remote deposit and controlled disbursement services. The Company’s lending services to clients consist primarily of lines of credit of overdraft sweeps. The Company’s consumer deposit services include checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts. In addition, the Company, through its subsidiary, Prosperis Financial Solutions, LLC., offers client access to mutual funds, securities brokerage, annuities and investment advisory services. It has approximately 40 locations primarily throughout New Jersey, over 30 of which are branch offices. It also has a loan production office in each of New York and Pennsylvania.

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