Sussex Bancorp (SBBX) Set to Announce Earnings on Wednesday
Sussex Bancorp (NASDAQ:SBBX) is set to release its earnings data on Wednesday, October 25th. Analysts expect Sussex Bancorp to post earnings of $0.33 per share for the quarter.
Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $8.71 million during the quarter, compared to analyst estimates of $9.10 million. Sussex Bancorp had a return on equity of 9.43% and a net margin of 15.13%. On average, analysts expect Sussex Bancorp to post $1.38 EPS for the current fiscal year and $1.81 EPS for the next fiscal year.
Sussex Bancorp (SBBX) opened at 24.85 on Wednesday. The firm’s 50-day moving average price is $23.86 and its 200-day moving average price is $24.45. The stock has a market cap of $147.88 million, a price-to-earnings ratio of 19.41 and a beta of 0.43. Sussex Bancorp has a 12-month low of $16.55 and a 12-month high of $28.55.
In other news, Director Mark J. Hontz sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total value of $50,274.00. Following the transaction, the director now owns 12,132 shares of the company’s stock, valued at $290,440.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.60% of the stock is owned by company insiders.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.50 price objective on shares of Sussex Bancorp in a research note on Tuesday, October 3rd.
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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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