Brokerages Expect Sussex Bancorp (SBBX) to Announce $0.31 EPS
Shares of Sussex Bancorp (NASDAQ:SBBX) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $29.00 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Sussex Bancorp an industry rank of 162 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.50 price objective on shares of Sussex Bancorp in a report on Tuesday, October 3rd.
Shares of Sussex Bancorp (SBBX) opened at $25.50 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.90. Sussex Bancorp has a fifty-two week low of $16.98 and a fifty-two week high of $28.55. The stock has a market cap of $154.02, a P/E ratio of 17.96 and a beta of 0.55.
Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.91%. The business had revenue of $9.60 million during the quarter, compared to analyst estimates of $9.60 million. equities research analysts anticipate that Sussex Bancorp will post 1.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.94%. Sussex Bancorp’s dividend payout ratio is currently 18.05%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Seidman Lawrence B boosted its position in shares of Sussex Bancorp by 16.6% during the 2nd quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock valued at $7,218,000 after acquiring an additional 42,100 shares during the last quarter. Stieven Capital Advisors L.P. bought a new position in shares of Sussex Bancorp during the 2nd quarter valued at approximately $3,751,000. Stifel Financial Corp bought a new position in shares of Sussex Bancorp during the 2nd quarter valued at approximately $520,000. Banc Funds Co. LLC lifted its position in Sussex Bancorp by 101.5% in the second quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock worth $12,778,000 after buying an additional 264,320 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Sussex Bancorp by 434.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 182,747 shares of the financial services provider’s stock worth $4,450,000 after buying an additional 148,574 shares during the last quarter. Hedge funds and other institutional investors own 52.67% of the company’s stock.
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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