Mark J. Hontz Sells 2,100 Shares of Sussex Bancorp (SBBX) Stock
Sussex Bancorp (NASDAQ:SBBX) Director Mark J. Hontz sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total transaction of $50,274.00. Following the sale, the director now owns 12,132 shares of the company’s stock, valued at $290,440.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Sussex Bancorp (SBBX) remained flat at $23.95 during mid-day trading on Wednesday. The company had a trading volume of 1,873 shares. The stock has a 50 day moving average price of $24.47 and a 200-day moving average price of $24.09. Sussex Bancorp has a one year low of $15.14 and a one year high of $28.55. The firm has a market cap of $115.32 million, a PE ratio of 18.70 and a beta of 0.43.
Sussex Bancorp (NASDAQ:SBBX) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $8.71 million during the quarter, compared to analysts’ expectations of $9.10 million. Sussex Bancorp had a net margin of 15.13% and a return on equity of 10.68%. On average, analysts expect that Sussex Bancorp will post $1.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, August 8th. Sussex Bancorp’s dividend payout ratio is currently 18.75%.
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SBBX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Sussex Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Thursday, May 4th. ValuEngine upgraded shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust boosted its position in shares of Sussex Bancorp by 434.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 182,747 shares of the financial services provider’s stock worth $4,450,000 after buying an additional 148,574 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. Biondo Investment Advisors LLC boosted its position 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 worth $842,000 after buying an additional 645 shares in the last quarter. Wells Fargo & Company MN boosted its position 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 worth $1,238,000 after buying an additional 23,233 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Sussex Bancorp during the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 34.71% 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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