ValuEngine cut shares of Sussex Bancorp (NASDAQ:SBBX) from a buy rating to a hold rating in a report released on Friday morning.

SBBX has been the topic of a number of other research reports. Zacks Investment Research cut Sussex Bancorp from a hold rating to a sell rating in a research report on Tuesday, November 7th. Keefe, Bruyette & Woods reissued a buy rating and set a $28.50 price target on shares of Sussex Bancorp in a research note on Tuesday, October 3rd.

Sussex Bancorp (SBBX) remained flat at $$27.00 during mid-day trading on Friday. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 13,618. 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 stock has a market cap of $163.09, a P/E ratio of 19.01 and a beta of 0.54. Sussex Bancorp has a 1 year low of $18.00 and a 1 year high of $28.55.

Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Sussex Bancorp had a return on equity of 9.19% and a net margin of 15.97%. The firm had revenue of $9.60 million for the quarter, compared to analysts’ expectations of $9.60 million. sell-side analysts predict that Sussex Bancorp will post 1.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, November 9th. Sussex Bancorp’s payout ratio is 18.05%.

Institutional investors and hedge funds have recently modified their holdings of the company. Seidman Lawrence B boosted its position in shares of Sussex Bancorp by 16.6% during 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 last quarter. Stifel Financial Corp bought a new stake in shares of Sussex Bancorp during the 2nd quarter valued at $520,000. Stieven Capital Advisors L.P. bought a new stake in shares of Sussex Bancorp during the 2nd quarter valued at $3,751,000. Wells Fargo & Company MN raised its stake in shares of Sussex Bancorp by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock valued at $1,556,000 after purchasing an additional 13,378 shares during the period. Finally, Banc Funds Co. LLC raised its stake in shares of Sussex Bancorp by 101.5% during the 2nd quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock valued at $12,778,000 after purchasing an additional 264,320 shares during the period. Institutional investors own 54.04% of the company’s stock.

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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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