Fj Capital Management buys $26,146,600 stake in Sun Bancorp /NJ (SNBC)

Sun Bancorp /NJ (SNBC) : Fj Capital Management scooped up 16,000 additional shares in Sun Bancorp /NJ during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,094,000 shares of Sun Bancorp /NJ which is valued at $26,146,600.Sun Bancorp /NJ makes up approximately 4.45% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SNBC in the latest quarter, The investment management firm added 3,615 additional shares and now holds a total of 370,425 shares of Sun Bancorp /NJ which is valued at $8,853,158.California State Teachers Retirement System boosted its stake in SNBC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 22,699 shares of Sun Bancorp /NJ which is valued at $532,292.Rhumbline Advisers boosted its stake in SNBC in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 11,971 shares of Sun Bancorp /NJ which is valued at $276,530.Tiaa Cref Investment Management reduced its stake in SNBC by selling 140 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 35,753 shares of SNBC which is valued at $825,894.Nationwide Fund Advisors boosted its stake in SNBC in the latest quarter, The investment management firm added 383 additional shares and now holds a total of 6,491 shares of Sun Bancorp /NJ which is valued at $149,293.

Sun Bancorp /NJ (SNBC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.1 and reached the intraday high at $24.15. The bulls started the profit booking and pushed the shares to intraday low of $24. The trading session was marked by a volume range of 38,351 shares exchanging hands. The 52-week high of the shares is $24.4 and the 52-week low is $19.52. The market cap of the company stands at $455 M and there are 1,88,97,090 shares in public circulation.

Investors should note that on Oct 27, 2016, Sun Bancorp /NJ announced a cash dividend of $0.0100. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 12, 2016.

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 consumers 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.

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