Sussex Bancorp (SBBX) Downgraded by ValuEngine
Sussex Bancorp (NASDAQ:SBBX) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research firms have also issued reports on SBBX. Zacks Investment Research lowered Sussex Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.50 target price on shares of Sussex Bancorp in a research note on Tuesday, October 3rd.
Sussex Bancorp (NASDAQ:SBBX) remained flat at $$27.00 during trading on Friday. The stock had a trading volume of 12,718 shares, compared to its average volume of 7,719. The company has a market capitalization of $163.08, a PE ratio of 19.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.03. Sussex Bancorp has a 52-week low of $18.00 and a 52-week high of $28.55.
Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Sussex Bancorp by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 99,943 shares of the financial services provider’s stock valued at $2,474,000 after buying an additional 2,979 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Sussex Bancorp by 161.2% in the second quarter. Advisor Group Inc. now owns 5,832 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,599 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Sussex Bancorp in the second quarter valued at about $205,000. Alpine Woods Capital Investors LLC acquired a new stake in Sussex Bancorp during the 3rd quarter valued at approximately $231,000. Finally, Wells Fargo & Company MN grew its stake in Sussex Bancorp by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock valued at $1,556,000 after purchasing an additional 13,378 shares in the last quarter. Institutional investors and hedge funds own 54.04% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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