Stieven Capital Advisors L.P. Takes Position in Sussex Bancorp (SBBX)
Stieven Capital Advisors L.P. purchased a new stake in shares of Sussex Bancorp (NASDAQ:SBBX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 154,048 shares of the financial services provider’s stock, valued at approximately $3,751,000. Stieven Capital Advisors L.P. owned about 3.20% of Sussex Bancorp at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Seidman Lawrence B boosted 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 buying an additional 42,100 shares during the period. Hilton Capital Management LLC bought a new position in shares of Sussex Bancorp during the second quarter valued at $205,000. Emerald Mutual Fund Advisers Trust raised its stake in Sussex Bancorp by 434.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 182,747 shares of the financial services provider’s stock valued at $4,450,000 after buying an additional 148,574 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sussex Bancorp by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 96,964 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 4,158 shares in the last quarter. Finally, Biondo Investment Advisors LLC raised its stake in Sussex Bancorp by 1.0% in the first quarter. Biondo Investment Advisors LLC now owns 63,000 shares of the financial services provider’s stock valued at $842,000 after buying an additional 645 shares in the last quarter. Institutional investors own 52.71% of the company’s stock.
Shares of Sussex Bancorp (SBBX) opened at 23.50 on Tuesday. The company has a market cap of $139.85 million, a price-to-earnings ratio of 18.36 and a beta of 0.43. Sussex Bancorp has a 1-year low of $15.14 and a 1-year high of $28.55. The company’s 50-day moving average price is $24.02 and its 200 day moving average price is $24.37.
Sussex Bancorp (NASDAQ:SBBX) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $8.71 million during the quarter, compared to the consensus estimate of $9.10 million. Sussex Bancorp had a net margin of 15.13% and a return on equity of 9.43%. On average, analysts predict that Sussex Bancorp will post $1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.06 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. Sussex Bancorp’s dividend payout ratio (DPR) is currently 18.75%.
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SBBX has been the subject of several research analyst reports. ValuEngine raised Sussex Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th.
In related news, Director Katherine H. Caristia bought 3,125 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $24.00 per share, with a total value of $75,000.00. Following the completion of the purchase, the director now directly owns 22,752 shares of the company’s stock, valued at $546,048. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony J. Labozzetta bought 6,250 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $24.00 per share, with a total value of $150,000.00. Following the purchase, the insider now directly owns 233,199 shares of the company’s stock, valued at $5,596,776. The disclosure for this purchase can be found here. Corporate insiders own 17.60% 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.
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