Shares of Sussex Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $29.00 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given Sussex Bancorp an industry rank of 25 out of 265 based on the ratings given to its competitors.

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

Shares of Sussex Bancorp (NASDAQ:SBBX) opened at $27.58 on Thursday. Sussex Bancorp has a one year low of $19.70 and a one year high of $28.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The firm has a market cap of $167.62, a P/E ratio of 20.89 and a beta of 0.52.

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 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 business had revenue of $9.60 million during the quarter, compared to the consensus estimate of $9.60 million. equities research analysts anticipate that Sussex Bancorp will post 1.31 EPS for the current year.

In related news, EVP Sergio Enzo Musacchio sold 1,199 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $26.32, for a total transaction of $31,557.68. Following the completion of the transaction, the executive vice president now directly owns 3,448 shares in the company, valued at $90,751.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Woods Capital Investors LLC acquired a new position in Sussex Bancorp during the third quarter valued at $231,000. Stifel Financial Corp acquired a new position in Sussex Bancorp during the second quarter valued at $520,000. Banc Funds Co. LLC lifted its position in Sussex Bancorp by 101.5% during the second quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock valued at $12,778,000 after purchasing an additional 264,320 shares during the period. Dimensional Fund Advisors LP lifted its position in Sussex Bancorp by 3.1% during 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 purchasing an additional 2,979 shares during the period. Finally, Advisor Group Inc. lifted its position in Sussex Bancorp by 161.2% during the second quarter. Advisor Group Inc. now owns 5,832 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,599 shares during the period. 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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