Katherine H. Caristia Purchases 3,125 Shares of Sussex Bancorp (SBBX) Stock
Sussex Bancorp (NASDAQ:SBBX) Director Katherine H. Caristia purchased 3,125 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $24.00 per share, with a total value of $75,000.00. Following the purchase, the director now directly owns 22,752 shares of the company’s stock, valued at $546,048. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Sussex Bancorp (SBBX) traded down 1.41% during mid-day trading on Monday, hitting $24.50. The company had a trading volume of 24,771 shares. 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 company has a 50-day moving average price of $25.33 and a 200-day moving average price of $22.97. Sussex Bancorp has a 1-year low of $13.12 and a 1-year high of $28.55.
Sussex Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The business had revenue of $9.23 million during the quarter, compared to analyst estimates of $9.20 million. Sussex Bancorp had a return on equity of 10.02% and a net margin of 15.49%. On average, equities analysts anticipate that Sussex Bancorp will post $1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, May 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Sussex Bancorp’s previous quarterly dividend of $0.04. Sussex Bancorp’s dividend payout ratio (DPR) is presently 18.90%.
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SBBX has been the subject of several recent analyst reports. ValuEngine upgraded Sussex Bancorp from a “hold” rating to a “buy” rating in a research note 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 objective for the company in a report on Thursday, May 4th.
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position 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 worth $2,376,000 after buying an additional 4,158 shares during the last quarter. Biondo Investment Advisors LLC raised its position 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 worth $842,000 after buying an additional 645 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $1,426,000 after buying an additional 6,906 shares during the last quarter. Wells Fargo & Company MN raised its position 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 worth $1,238,000 after buying an additional 23,233 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Sussex Bancorp during the fourth quarter worth $236,000. Institutional investors and hedge funds own 34.84% of the company’s stock.
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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