Clover Partners L.P. lessened its holdings in Sussex Bancorp (NASDAQ:SBBX) by 74.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,874 shares of the financial services provider’s stock after selling 342,027 shares during the period. Sussex Bancorp comprises about 2.9% of Clover Partners L.P.’s portfolio, making the stock its 17th largest holding. Clover Partners L.P.’s holdings in Sussex Bancorp were worth $3,084,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Basswood Capital Management L.L.C. increased its stake in shares of Sussex Bancorp by 3.4% in the 4th quarter. Basswood Capital Management L.L.C. now owns 594,167 shares of the financial services provider’s stock valued at $15,953,000 after purchasing an additional 19,341 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in Sussex Bancorp during the 4th quarter worth approximately $1,732,000. Wells Fargo & Company MN increased its stake in Sussex Bancorp by 4.4% during the 4th quarter. Wells Fargo & Company MN now owns 65,347 shares of the financial services provider’s stock worth $1,754,000 after buying an additional 2,732 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Sussex Bancorp during the 4th quarter worth approximately $342,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in Sussex Bancorp during the 3rd quarter worth approximately $231,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.
Several research firms have commented on SBBX. ValuEngine lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods lowered Sussex Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Sussex Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Hovde Group lowered Sussex Bancorp from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research note on Monday, March 5th.
Shares of Sussex Bancorp (NASDAQ SBBX) opened at $31.20 on Wednesday. Sussex Bancorp has a 52 week low of $19.75 and a 52 week high of $32.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $244.10, a P/E ratio of 21.24 and a beta of 0.50.
Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Sussex Bancorp had a return on equity of 9.29% and a net margin of 12.94%. The company had revenue of $9.83 million during the quarter, compared to analyst estimates of $9.80 million. equities analysts anticipate that Sussex Bancorp will post 1.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.24 annualized dividend and a yield of 0.77%. Sussex Bancorp’s dividend payout ratio (DPR) is currently 21.82%.
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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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