Shares of Sussex Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Sussex Bancorp’s rating score has declined by 133% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus price objective of $32.88 for the company and are forecasting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sussex Bancorp an industry rank of 126 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Hovde Group cut Sussex Bancorp from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research report on Monday, March 5th. Zacks Investment Research raised Sussex Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods cut Sussex Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th.
In other news, CEO George Lista sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $29.11, for a total value of $58,220.00. Following the completion of the sale, the chief executive officer now directly owns 78,553 shares of the company’s stock, valued at $2,286,677.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sergio Enzo Musacchio sold 1,199 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $26.32, for a total value of $31,557.68. Following the completion of the sale, the executive vice president now directly owns 3,448 shares of the company’s stock, valued at $90,751.36. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Sussex Bancorp by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 65,347 shares of the financial services provider’s stock valued at $1,754,000 after purchasing an additional 2,732 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sussex Bancorp by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 99,943 shares of the financial services provider’s stock valued at $2,474,000 after purchasing an additional 2,979 shares during the period. Hilton Capital Management LLC purchased a new position in Sussex Bancorp during the 4th quarter valued at about $226,000. Alpine Woods Capital Investors LLC purchased a new position in Sussex Bancorp during the 3rd quarter valued at about $231,000. Finally, Victory Capital Management Inc. purchased a new position in Sussex Bancorp during the 4th quarter valued at about $342,000. 37.30% of the stock is owned by institutional investors.
Sussex Bancorp (SBBX) opened at $31.45 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The stock has a market cap of $248.46, a PE ratio of 28.59 and a beta of 0.50. Sussex Bancorp has a twelve month low of $19.75 and a twelve month high of $32.85.
Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $9.83 million during the quarter, compared to the consensus estimate of $9.80 million. Sussex Bancorp had a net margin of 12.94% and a return on equity of 9.29%. analysts forecast that Sussex Bancorp will post 1.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. Sussex Bancorp’s payout ratio is currently 21.82%.
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Sussex Bancorp Company Profile
Sussex Bancorp is a bank holding company for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts.
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