Sussex Bancorp (NASDAQ:SBBX) CEO George Lista sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $29.11, for a total transaction of $58,220.00. Following the completion of the transaction, the chief executive officer now directly owns 78,553 shares in the company, valued at approximately $2,286,677.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Sussex Bancorp (NASDAQ SBBX) traded up $0.25 during trading on Tuesday, reaching $29.45. 5,500 shares of the company’s stock traded hands, compared to its average volume of 18,134. 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 has a one year low of $19.75 and a one year high of $29.70. The company has a market cap of $232.68, a PE ratio of 26.77 and a beta of 0.49.
Sussex Bancorp (NASDAQ:SBBX) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Sussex Bancorp had a net margin of 12.94% and a return on equity of 9.29%. The company had revenue of $9.83 million for the quarter, compared to analysts’ expectations of $9.80 million. research analysts predict that Sussex Bancorp will post 1.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, February 6th. Sussex Bancorp’s payout ratio is 21.82%.
A number of institutional investors have recently modified their holdings of the business. Basswood Capital Management L.L.C. grew its holdings in Sussex Bancorp by 3.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 594,167 shares of the financial services provider’s stock worth $15,953,000 after acquiring an additional 19,341 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sussex Bancorp by 73.0% during the 2nd quarter. Vanguard Group Inc. now owns 100,717 shares of the financial services provider’s stock worth $2,493,000 after acquiring an additional 42,503 shares in the last quarter. Dimensional Fund Advisors LP grew 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 worth $2,474,000 after acquiring an additional 2,979 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 buying an additional 2,732 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Sussex Bancorp in the 4th quarter valued at about $1,732,000. Institutional investors own 41.09% of the company’s stock.
Several research analysts have issued reports on SBBX shares. Zacks Investment Research cut shares of Sussex Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $32.50 target price on shares of Sussex Bancorp in a report on Friday, December 22nd.
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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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