Media headlines about Sussex Bancorp (NASDAQ:SBBX) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sussex Bancorp earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.6539771253133 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of brokerages recently commented on SBBX. Zacks Investment Research lowered Sussex Bancorp from a “strong-buy” rating to a “sell” rating in a research report on Friday, February 9th. ValuEngine upgraded Sussex Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.50 price objective on shares of Sussex Bancorp in a research report on Friday, December 22nd.
Shares of Sussex Bancorp (NASDAQ:SBBX) traded up $0.15 during mid-day trading on Wednesday, hitting $28.40. The stock had a trading volume of 1,900 shares, compared to its average volume of 19,107. 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 $223.20, a P/E ratio of 19.48 and a beta of 0.49. Sussex Bancorp has a twelve month low of $19.75 and a twelve month high of $29.70.
Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Sussex Bancorp had a return on equity of 9.29% and a net margin of 12.94%. The firm had revenue of $9.83 million during the quarter, compared to the consensus estimate of $9.80 million. research analysts forecast that Sussex Bancorp will post 1.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, February 6th. Sussex Bancorp’s dividend payout ratio is currently 21.82%.
In other Sussex Bancorp news, EVP Sergio Enzo Musacchio sold 1,199 shares of the firm’s 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 sale, the executive vice president now directly owns 3,448 shares of the company’s stock, valued at approximately $90,751.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.60% of the stock is currently owned by corporate insiders.
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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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