Shares of Sussex Bancorp (NASDAQ:SBBX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $29.00 for the company and are expecting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given Sussex Bancorp an industry rank of 111 out of 265 based on the ratings given to related companies.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.50 price objective on shares of Sussex Bancorp in a report on Tuesday, October 3rd. Finally, Zacks Investment Research cut shares of Sussex Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBBX. Advisor Group Inc. increased its holdings in 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 purchased a new position in Sussex Bancorp in the second quarter valued at $205,000. Alpine Woods Capital Investors LLC purchased a new position in Sussex Bancorp in the third quarter valued at $231,000. FNY Partners Fund LP acquired a new stake in shares of Sussex Bancorp in the second quarter valued at about $371,000. Finally, Stifel Financial Corp acquired a new stake in shares of Sussex Bancorp in the second quarter valued at about $520,000. 54.04% of the stock is owned by institutional investors.

Sussex Bancorp (SBBX) opened at $26.57 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. Sussex Bancorp has a fifty-two week low of $18.00 and a fifty-two week high of $28.55. The stock has a market cap of $163.09, a price-to-earnings ratio of 19.01 and a beta of 0.54.

Sussex Bancorp (NASDAQ:SBBX) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.19%. The firm had revenue of $9.60 million during the quarter, compared to analysts’ expectations of $9.60 million. analysts forecast that Sussex Bancorp will post 1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Sussex Bancorp’s payout ratio is 18.05%.

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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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