Sussex Bancorp (NASDAQ:SBBX) – Analysts at FIG Partners raised their FY2018 earnings per share estimates for shares of Sussex Bancorp in a research note issued to investors on Wednesday, Zacks Investment Research reports. FIG Partners analyst D. Bishop now expects that the financial services provider will post earnings per share of $2.22 for the year, up from their prior forecast of $1.96.
Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $9.60 million for the quarter, compared to analyst estimates of $9.60 million. Sussex Bancorp had a return on equity of 9.19% and a net margin of 15.97%.
Several other brokerages have also commented on SBBX. Zacks Investment Research lowered Sussex Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.50 price objective on shares of Sussex Bancorp in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded Sussex Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Sussex Bancorp (NASDAQ SBBX) traded down $0.40 during mid-day trading on Friday, reaching $27.25. The company had a trading volume of 3,451 shares, compared to its average volume of 5,234. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The firm has a market cap of $164.59, a price-to-earnings ratio of 20.64 and a beta of 0.52. Sussex Bancorp has a twelve month low of $19.70 and a twelve month high of $28.55.
In other Sussex Bancorp news, EVP Sergio Enzo Musacchio sold 1,199 shares of Sussex Bancorp stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $26.32, for a total value of $31,557.68. Following the completion of the transaction, the executive vice president now owns 3,448 shares in the company, valued at approximately $90,751.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 17.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alpine Woods Capital Investors LLC bought a new position in Sussex Bancorp in the 3rd quarter valued at $231,000. Stifel Financial Corp bought a new position in Sussex Bancorp in the 2nd quarter valued at $520,000. Banc Funds Co. LLC raised its position in Sussex Bancorp by 101.5% in the 2nd quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock valued at $12,778,000 after purchasing an additional 264,320 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Sussex Bancorp by 3.1% in 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 last quarter. Finally, Advisor Group Inc. raised its position in Sussex Bancorp by 161.2% in the 2nd quarter. Advisor Group Inc. now owns 5,832 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,599 shares during the last quarter. Hedge funds and other institutional investors own 54.04% of the company’s stock.
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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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