Anthony J. Labozzetta Acquires 6,250 Shares of Sussex Bancorp (SBBX) Stock
Sussex Bancorp (NASDAQ:SBBX) insider Anthony J. Labozzetta purchased 6,250 shares of the business’s stock in a transaction on Friday, June 16th. The shares were bought at an average cost of $24.00 per share, with a total value of $150,000.00. Following the acquisition, the insider now directly owns 233,199 shares of the company’s stock, valued at approximately $5,596,776. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sussex Bancorp (NASDAQ:SBBX) traded down 1.41% during mid-day trading on Monday, reaching $24.50. The company’s stock had a trading volume of 24,771 shares. Sussex Bancorp has a one year low of $13.12 and a one year high of $28.55. The company has a market capitalization of $115.05 million, a price-to-earnings ratio of 19.11 and a beta of 0.42. The stock has a 50-day moving average price of $25.33 and a 200-day moving average price of $22.97.
Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.43 earnings per share (EPS) 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 company had revenue of $9.23 million for the quarter, compared to analysts’ expectations of $9.20 million. Equities research analysts forecast that Sussex Bancorp will post $1.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.98%. This is a boost from Sussex Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, May 8th. Sussex Bancorp’s payout ratio is presently 18.90%.
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A number of large investors have recently bought and sold shares of SBBX. Morgan Stanley boosted its stake in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sussex Bancorp by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 96,964 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 4,158 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Biondo Investment Advisors LLC boosted its stake in 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 during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 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 during the last quarter. Institutional investors own 34.84% of the company’s stock.
SBBX has been the subject of several recent research reports. ValuEngine raised Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Sussex Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Thursday, May 4th.
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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