Sussex Bancorp (NASDAQ:SBBX) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts have also issued reports on SBBX. Zacks Investment Research lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Hovde Group boosted their target price on Sussex Bancorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $18.00.

Sussex Bancorp (NASDAQ:SBBX) opened at 17.85 on Friday. The stock has a market cap of $83.16 million, a price-to-earnings ratio of 16.82 and a beta of 0.35. The stock’s 50 day moving average price is $17.14 and its 200-day moving average price is $15.43. Sussex Bancorp has a 12 month low of $11.43 and a 12 month high of $18.00.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.90%. Sussex Bancorp’s dividend payout ratio (DPR) is presently 16.16%.

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Hedge funds have recently bought and sold shares of the stock. Basswood Capital Management L.L.C. increased its stake in Sussex Bancorp by 72.0% in the second quarter. Basswood Capital Management L.L.C. now owns 109,386 shares of the financial services provider’s stock worth $1,461,000 after buying an additional 45,778 shares during the period. Alliancebernstein L.P. increased its stake in Sussex Bancorp by 1.5% in the second quarter. Alliancebernstein L.P. now owns 139,460 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 2,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in Sussex Bancorp by 127.2% in the second quarter. Vanguard Group Inc. now owns 23,555 shares of the financial services provider’s stock worth $315,000 after buying an additional 13,187 shares during the period. Hedge funds and other institutional investors own 27.82% of the company’s stock.

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.

5 Day Chart for NASDAQ:SBBX

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