An Insider At Sun Bancorp, Inc. /NJ (SNBC) Raises Exposure To The Company

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC), saw an insider raise his stake in the company through a transaction officially filed today, August 20th. President and Chief Executive Officer Thomas M. OBrien acquired 2,500 shares at an average price of $18.97 per share. Following this transaction, OBrien now holds 62,741 shares directly and 90,362 shares indirectly invested in the company.
Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) is a $328.98 million market cap bank holding company that provides commercial and consumer banking services. Moreover, there are multiple hedge funds involved with the corporation. Invesco Private Capital, the hedge fund run by Wilbur Ross holds 21.28 million shares worth about $85.3 million; while Ejf Capital, the fund controlled by Emanuel J. Friedman, like Invesco showed no change in its holdings over the course of the last fiscal quarter, and holds about 3.6 million shares worth about 14.4 million invested in the bank holding company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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