Fj Capital Management buys $23.1 Million stake in Sun Bancorp /NJ (SNBC)

Sun Bancorp /NJ (SNBC) : Fj Capital Management scooped up 54,000 additional shares in Sun Bancorp /NJ during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,078,000 shares of Sun Bancorp /NJ which is valued at $23.1 Million.Sun Bancorp /NJ makes up approximately 4.48% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in SNBC during the most recent quarter. The investment firm sold 21,674 shares of SNBC which is valued $465,124.Blackrock Advisors boosted its stake in SNBC in the latest quarter, The investment management firm added 547 additional shares and now holds a total of 5,348 shares of Sun Bancorp /NJ which is valued at $114,768.

Sun Bancorp /NJ opened for trading at $21 and hit $21.11 on the upside on Wednesday, eventually ending the session at $21.02, with a gain of 0.14% or 0.03 points. The heightened volatility saw the trading volume jump to 16,705 shares. Company has a market cap of $396 M.

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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