News articles about Sussex Bancorp (NASDAQ:SBBX) have been trending negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sussex Bancorp earned a daily sentiment score of -0.39 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Shares of Sussex Bancorp (SBBX) traded up 0.67% on Tuesday, reaching $24.00. 6,891 shares of the company’s stock traded hands. The company has a 50 day moving average of $24.37 and a 200-day moving average of $24.09. The stock has a market capitalization of $115.56 million, a PE ratio of 18.75 and a beta of 0.43. Sussex Bancorp has a 52 week low of $15.14 and a 52 week high of $28.55.
Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results 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 company had revenue of $8.71 million during the quarter, compared to analyst estimates of $9.10 million. Sussex Bancorp had a return on equity of 10.68% and a net margin of 15.13%. Equities research analysts forecast that Sussex Bancorp will post $1.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. Sussex Bancorp’s payout ratio is currently 18.75%.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sussex Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Thursday, May 4th. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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In other Sussex Bancorp news, insider Anthony J. Labozzetta acquired 6,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 233,199 shares of the company’s stock, valued at $5,596,776. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katherine H. Caristia acquired 3,125 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 22,752 shares in the company, valued at approximately $546,048. The disclosure for this purchase can be found here. 17.60% of the stock is currently owned by insiders.
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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