Sussex Bancorp (NASDAQ:SBBX) – FIG Partners issued their Q1 2018 earnings per share estimates for shares of Sussex Bancorp in a research report issued to clients and investors on Monday. FIG Partners analyst D. Bishop forecasts that the financial services provider will post earnings per share of $0.21 for the quarter. FIG Partners also issued estimates for Sussex Bancorp’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.83 EPS.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Sussex Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.50 price target on shares of Sussex Bancorp in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised Sussex Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Saturday, December 30th.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, February 6th. Sussex Bancorp’s dividend payout ratio (DPR) is presently 21.82%.
In other Sussex Bancorp news, 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 completion of the sale, the executive vice president now owns 3,448 shares of the company’s stock, valued at $90,751.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its position 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 during the period. Alpine Woods Capital Investors LLC purchased a new stake in shares of Sussex Bancorp in the third quarter worth about $231,000. Victory Capital Management Inc. purchased a new stake in shares of Sussex Bancorp in the fourth quarter worth about $342,000. Stifel Financial Corp purchased a new stake in shares of Sussex Bancorp in the second quarter worth about $520,000. Finally, Wells Fargo & Company MN boosted its position in shares of Sussex Bancorp by 26.5% in the second quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock worth $1,556,000 after buying an additional 13,378 shares during the period. 41.12% of the stock is owned by institutional investors.
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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