Sussex Bancorp (NASDAQ:SBBX) has been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a 1 year consensus price objective of $16.38 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Sussex Bancorp an industry rank of 155 out of 265 based on the ratings given to its competitors.
Several equities research analysts have weighed in on SBBX shares. TheStreet downgraded shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Hovde Group lifted their price target on shares of Sussex Bancorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Sussex Bancorp (NASDAQ:SBBX) opened at 16.775 on Thursday. The stock’s 50 day moving average is $16.32 and its 200-day moving average is $14.51. The firm has a market capitalization of $77.10 million, a P/E ratio of 16.944 and a beta of 0.35. Sussex Bancorp has a 1-year low of $11.43 and a 1-year high of $17.40.
Sussex Bancorp (NASDAQ:SBBX) last released its earnings results on Wednesday, July 27th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Sussex Bancorp had a net margin of 13.65% and a return on equity of 8.28%. Analysts forecast that Sussex Bancorp will post $1.08 EPS for the current year.
Several large investors have recently bought and sold shares of the company. 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 valued at $1,863,000 after buying an additional 2,000 shares during the last quarter. 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 valued at $1,461,000 after buying an additional 45,778 shares during the last quarter. 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 valued at $315,000 after buying an additional 13,187 shares during the last quarter. 27.82% of the stock is owned by institutional investors.
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.