Keefe, Bruyette & Woods Revise Estimates On Sun Bancorp

According to Keefe, Bruyette & Woods, Sun Bancorp SNBC estimates are to be revised. Keefe, Bruyette & Woods said that operating EPS of $0.00 came in better than expected due to a lower provision and stronger operating leverage. “We believe the challenge remains working down its criticized/classified assets & strengthening preprovision profitability through revenue growth & a more aggressive approach toward expenses.” Sun Bancorp closed yesterday at $3.20.