Sussex Bancorp (NASDAQ:SBBX) Scheduled to Post Quarterly Earnings on Tuesday
Sussex Bancorp (NASDAQ:SBBX) is scheduled to be posting its quarterly earnings results on Tuesday, July 25th. Analysts expect Sussex Bancorp to post earnings of $0.33 per share for the quarter.
Sussex Bancorp (NASDAQ:SBBX) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.43 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $9.20 million. On average, analysts expect Sussex Bancorp to post $1.41 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Shares of Sussex Bancorp (NASDAQ:SBBX) opened at 24.35 on Tuesday. The firm’s 50-day moving average price is $24.91 and its 200 day moving average price is $23.36. The company has a market capitalization of $114.35 million, a PE ratio of 18.99 and a beta of 0.44. Sussex Bancorp has a 1-year low of $13.70 and a 1-year high of $28.55.
Several equities analysts have recently commented on the stock. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th.
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In related news, Director Katherine H. Caristia purchased 3,125 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average cost of $24.00 per share, with a total value of $75,000.00. Following the completion of the purchase, the director now directly owns 22,752 shares in the company, valued at $546,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony J. Labozzetta purchased 6,250 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average cost of $24.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the insider now owns 233,199 shares of the company’s stock, valued at $5,596,776. The disclosure for this purchase can be found here. 17.60% of the stock is owned by corporate insiders.
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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