Sussex Bancorp (NASDAQ:SBBX) EVP Sergio Enzo Musacchio sold 1,199 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $26.32, for a total transaction of $31,557.68. Following the sale, the executive vice president now directly owns 3,448 shares in the company, valued at approximately $90,751.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sussex Bancorp (NASDAQ SBBX) traded up $0.30 during trading hours on Thursday, reaching $27.90. 1,963 shares of the company traded hands, compared to its average volume of 13,323. Sussex Bancorp has a 1-year low of $18.10 and a 1-year high of $28.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $166.10, a price-to-earnings ratio of 19.37 and a beta of 0.54.

Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $9.60 million for the quarter, compared to analyst estimates of $9.60 million. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.19%. analysts anticipate that Sussex Bancorp will post 1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.06 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. Sussex Bancorp’s dividend payout ratio is presently 18.05%.

SBBX has been the topic of several research reports. Zacks Investment Research lowered shares of Sussex Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.50 price objective on shares of Sussex Bancorp in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. lifted 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 worth $142,000 after buying an additional 3,599 shares in the last quarter. Hilton Capital Management LLC bought a new position in shares of Sussex Bancorp in the second quarter worth approximately $205,000. Alpine Woods Capital Investors LLC bought a new position in shares of Sussex Bancorp in the third quarter worth approximately $231,000. FNY Partners Fund LP bought a new position in shares of Sussex Bancorp in the second quarter worth approximately $371,000. Finally, Stifel Financial Corp bought a new position in shares of Sussex Bancorp in the second quarter worth approximately $520,000. Hedge funds and other institutional investors 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.

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