Sussex Bancorp (NASDAQ:SBBX) Director Katherine H. Caristia acquired 3,125 shares of the company’s stock in a transaction on Friday, June 16th. The stock was purchased at an average cost of $24.00 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now directly owns 22,752 shares in the company, valued at approximately $546,048. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Sussex Bancorp (SBBX) traded down 0.6118% during trading on Tuesday, reaching $24.3501. 17,405 shares of the company’s stock traded hands. The company has a market capitalization of $114.35 million, a price-to-earnings ratio of 18.9938 and a beta of 0.42. The company has a 50 day moving average of $25.26 and a 200-day moving average of $23.13. Sussex Bancorp has a 1-year low of $13.12 and a 1-year high of $28.55.
Sussex Bancorp (NASDAQ:SBBX) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Sussex Bancorp had a return on equity of 10.02% and a net margin of 15.49%. The firm had revenue of $9.23 million for the quarter, compared to analyst estimates of $9.20 million. Equities analysts predict that Sussex Bancorp will post $1.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 8th. This is a positive change from Sussex Bancorp’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a yield of 0.99%. Sussex Bancorp’s dividend payout ratio (DPR) is currently 18.90%.
A number of large investors have recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Sussex Bancorp by 16.4% in the first quarter. Morgan Stanley now owns 6,170 shares of the financial services provider’s stock valued at $151,000 after buying an additional 870 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Sussex Bancorp during the fourth quarter valued at $236,000. Biondo Investment Advisors LLC raised its stake in shares of Sussex Bancorp by 1.0% in the first quarter. Biondo Investment Advisors LLC now owns 63,000 shares of the financial services provider’s stock valued at $842,000 after buying an additional 645 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Sussex Bancorp by 85.1% in the first quarter. Wells Fargo & Company MN now owns 50,536 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 23,233 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Sussex Bancorp by 13.5% in the first quarter. Vanguard Group Inc. now owns 58,214 shares of the financial services provider’s stock valued at $1,426,000 after buying an additional 6,906 shares in the last quarter. 34.84% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on SBBX shares. Zacks Investment Research raised shares of Sussex Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, May 4th. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
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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