Vanguard Group Inc. lifted its holdings in Sussex Bancorp (NASDAQ:SBBX) by 73.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,717 shares of the financial services provider’s stock after acquiring an additional 42,503 shares during the period. Vanguard Group Inc. owned approximately 2.09% of Sussex Bancorp worth $2,493,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SBBX. Stieven Capital Advisors L.P. acquired a new stake in Sussex Bancorp during the 2nd quarter valued at $3,751,000. Alliancebernstein L.P. grew its holdings in Sussex Bancorp by 86.9% during the 2nd quarter. Alliancebernstein L.P. now owns 145,980 shares of the financial services provider’s stock valued at $3,555,000 after purchasing an additional 67,892 shares in the last quarter. Seidman Lawrence B grew its holdings in Sussex Bancorp by 16.6% during the 2nd quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock valued at $7,218,000 after purchasing an additional 42,100 shares in the last quarter. FNY Partners Fund LP acquired a new stake in Sussex Bancorp during the 2nd quarter valued at $371,000. Finally, Wells Fargo & Company MN grew its holdings in Sussex Bancorp by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock valued at $1,556,000 after purchasing an additional 13,378 shares in the last quarter. 54.04% of the stock is owned by institutional investors.
Shares of Sussex Bancorp (NASDAQ:SBBX) opened at $26.57 on Thursday. The firm has a market cap of $163.09, a price-to-earnings ratio of 19.01 and a beta of 0.54. Sussex Bancorp has a fifty-two week low of $18.00 and a fifty-two week high of $28.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.
Sussex Bancorp (NASDAQ:SBBX) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.33 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $9.60 million during the quarter, compared to analyst estimates of $9.60 million. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.19%. equities analysts anticipate that Sussex Bancorp will post 1.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Sussex Bancorp’s dividend payout ratio (DPR) is 18.05%.
SBBX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Sussex Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.50 price target on shares of Sussex Bancorp in a report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
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About Sussex Bancorp
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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