Sussex Bancorp (NASDAQ:SBBX) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $32.75 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Sussex Bancorp an industry rank of 23 out of 265 based on the ratings given to its competitors.

SBBX has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.50 price target on shares of Sussex Bancorp in a report on Friday, December 22nd. Zacks Investment Research raised Sussex Bancorp from a “sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Saturday, December 30th. Finally, ValuEngine downgraded Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

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 transaction of $31,557.68. Following the sale, the executive vice president now owns 3,448 shares of the company’s stock, valued at approximately $90,751.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.60% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in Sussex Bancorp by 4.4% during 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 acquiring an additional 2,732 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Sussex Bancorp during the 4th quarter valued at $342,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Sussex Bancorp during the 3rd quarter valued at $231,000. Stifel Financial Corp acquired a new position in shares of Sussex Bancorp during the 2nd quarter valued at $520,000. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 valued at $2,474,000 after purchasing an additional 2,979 shares during the period. 41.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sussex Bancorp (NASDAQ:SBBX) remained flat at $$28.25 during midday trading on Friday. The company had a trading volume of 5,300 shares, compared to its average volume of 19,706. The firm has a market cap of $170.64, a P/E ratio of 25.92 and a beta of 0.47. Sussex Bancorp has a one year low of $19.75 and a one year high of $29.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.03.

Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $9.83 million for the quarter, compared to the consensus estimate of $9.80 million. Sussex Bancorp had a return on equity of 9.29% and a net margin of 12.94%. equities research analysts expect 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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, February 6th. Sussex Bancorp’s payout ratio is currently 22.02%.

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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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