Sussex Bancorp (SBBX) Rating Increased to Buy at TheStreet
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%.
TRADEMARK VIOLATION WARNING: “Sussex Bancorp (SBBX) Rating Increased to Buy at TheStreet” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/sussex-bancorp-sbbx-rating-increased-to-buy-at-thestreet.html.
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.
Receive News & Stock Ratings for Sussex Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sussex Bancorp and related stocks with our FREE daily email newsletter.