Today The Sussex Bancorp (SBBX) to Release Earnings on Thursday

Today The Sussex Bancorp (SBBX) to Release Earnings on Thursday

Sussex Bancorp (NASDAQ:SBBX) is scheduled to be issuing its quarterly earnings data on Thursday, January 26th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Shares of Sussex Bancorp (NASDAQ:SBBX) opened at 21.30 on Wednesday. The company has a market capitalization of $99.24 million, a price-to-earnings ratio of 20.08 and a beta of 0.47. Sussex Bancorp has a 12 month low of $11.43 and a 12 month high of $21.95. The firm’s 50-day moving average price is $19.85 and its 200-day moving average price is $17.11.

A number of equities analysts have commented on SBBX shares. Zacks Investment Research raised Sussex Bancorp from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, November 2nd. TheStreet raised Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Friday, November 25th.

Several large investors have recently bought and sold shares of the stock. Basswood Capital Management L.L.C. boosted 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 in the last quarter. Alliancebernstein L.P. raised its position in shares of 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. Finally, Vanguard Group Inc. raised its position in shares of 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. 29.86% of the stock is owned by hedge funds and other 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.

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