Sussex Bancorp (SBBX) EVP Sells $31,557.68 in Stock

Sussex Bancorp (NASDAQ:SBBX) EVP Sergio Enzo Musacchio sold 1,199 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sussex Bancorp (NASDAQ:SBBX) remained flat at $$27.90 during trading on Friday. The company’s stock had a trading volume of 4,369 shares, compared to its average volume of 5,845. 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 stock has a market capitalization of $168.52, a price-to-earnings ratio of 19.65 and a beta of 0.54. Sussex Bancorp has a fifty-two week low of $18.15 and a fifty-two week high of $28.55.

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

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

A number of research firms have recently weighed in on SBBX. ValuEngine downgraded shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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, Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.50 target price on shares of Sussex Bancorp in a research report on Tuesday, October 3rd.

A number of institutional investors have recently bought and sold shares of the business. Banc Funds Co. LLC grew its position in shares of Sussex Bancorp by 101.5% in 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 last quarter. Stieven Capital Advisors L.P. acquired a new stake in shares of Sussex Bancorp in the second quarter valued at about $3,751,000. Alliancebernstein L.P. grew its position in shares of Sussex Bancorp by 86.9% in the second quarter. Alliancebernstein L.P. now owns 145,980 shares of the financial services provider’s stock valued at $3,555,000 after purchasing an additional 67,892 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Sussex Bancorp by 73.0% in the second quarter. Vanguard Group Inc. now owns 100,717 shares of the financial services provider’s stock valued at $2,493,000 after purchasing an additional 42,503 shares during the last quarter. Finally, Seidman Lawrence B grew its position in shares of Sussex Bancorp by 16.6% in the second quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock valued at $7,218,000 after purchasing an additional 42,100 shares during the last quarter. 54.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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