News headlines about Sussex Bancorp (NASDAQ:SBBX) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sussex Bancorp earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.4510853131335 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Shares of Sussex Bancorp (NASDAQ SBBX) remained flat at $23.70 during mid-day trading on Friday. The company’s stock had a trading volume of 6,729 shares. The company has a market cap of $114.12 million, a P/E ratio of 18.52 and a beta of 0.43. Sussex Bancorp has a 12 month low of $15.14 and a 12 month high of $28.55. The stock has a 50-day moving average price of $24.29 and a 200-day moving average price of $24.21.
Sussex Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $8.71 million during the quarter, compared to analysts’ expectations of $9.10 million. Sussex Bancorp had a return on equity of 10.68% and a net margin of 15.13%. Equities research analysts expect that Sussex Bancorp will post $1.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, August 8th. Sussex Bancorp’s dividend payout ratio is currently 18.75%.
In related news, Director Katherine H. Caristia acquired 3,125 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average price of $24.00 per share, for a total transaction of $75,000.00. Following the transaction, the director now owns 22,752 shares in the company, valued at approximately $546,048. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony J. Labozzetta purchased 6,250 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the insider now owns 233,199 shares in the company, valued at approximately $5,596,776. The disclosure for this purchase can be found here. Company insiders own 17.60% of the company’s stock.
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Sussex Bancorp Company 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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