PNC Financial Services Group Inc. Continues to Hold Stake in Sussex Bancorp (SBBX)

PNC Financial Services Group Inc. maintained its position in shares of Sussex Bancorp (NASDAQ:SBBX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,754 shares of the financial services provider’s stock at the close of the second quarter. PNC Financial Services Group Inc. owned about 0.60% of Sussex Bancorp worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Seidman Lawrence B lifted its position in Sussex Bancorp by 16.6% during the 2nd quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock worth $7,218,000 after acquiring an additional 42,100 shares in the last quarter. Stieven Capital Advisors L.P. acquired a new position in Sussex Bancorp during the 2nd quarter worth approximately $3,751,000. Emerald Mutual Fund Advisers Trust lifted its position in Sussex Bancorp by 434.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 182,747 shares of the financial services provider’s stock worth $4,450,000 after acquiring an additional 148,574 shares in the last quarter. Wells Fargo & Company MN lifted its position in Sussex Bancorp by 85.1% during the 1st quarter. Wells Fargo & Company MN now owns 50,536 shares of the financial services provider’s stock worth $1,238,000 after acquiring an additional 23,233 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Sussex Bancorp by 86.9% during the 2nd quarter. Alliancebernstein L.P. now owns 145,980 shares of the financial services provider’s stock worth $3,555,000 after acquiring an additional 67,892 shares in the last quarter. 52.71% of the stock is currently owned by hedge funds and other institutional investors.

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Sussex Bancorp (NASDAQ:SBBX) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $8.71 million for 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%.

In other Sussex Bancorp news, Director Mark J. Hontz sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total value of $50,274.00. Following the sale, the director now owns 12,132 shares of the company’s stock, valued at approximately $290,440.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.60% of the company’s stock.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.50 price target on shares of Sussex Bancorp in a research report on Tuesday, October 3rd.

Sussex Bancorp 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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Institutional Ownership by Quarter for Sussex Bancorp (NASDAQ:SBBX)

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