Sun Bancorp Inc /nj/ (SNBC): Neelesh Kalani , SVP/Chief Accounting Officer of Sun Bancorp Inc /nj/ sold 595 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $21.58 per share for a total value of $12,841.71 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 12, 2016, Thomas M Obrien (CEO) purchased 5,000 shares at $20.46 per share price.On Feb 10, 2016, Patricia M Schaubeck (EVP & General Counsel) purchased 500 shares at $20.76 per share price.Also, On Nov 16, 2015, Keith Stock (director) purchased 8,570 shares at $21.36 per share price.On Jul 31, 2015, Grace C Torres (director) purchased 750 shares at $20.97 per share price.
Sun Bancorp /NJ: On Monday, May 16, 2016 heightened volatility was witnessed in Sun Bancorp /NJ which led to swings in the share price. The shares opened for trading at $21.58 and hit $21.89 on the upside , eventually ending the session at $21.75, with a gain of 1.35% or 0.29 points. The heightened volatility saw the trading volume jump to 20,664 shares. The 52-week high of the share price is $22.27 and the company has a market cap of $410 M . The 52-week low of the share price is at $18.74.
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.