Positive News Coverage Somewhat Unlikely to Impact Sussex Bancorp (SBBX) Stock Price
Headlines about Sussex Bancorp (NASDAQ:SBBX) have trended positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sussex Bancorp earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 44.6360969628186 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.50 target price on shares of Sussex Bancorp in a report on Tuesday.
Shares of Sussex Bancorp (NASDAQ SBBX) traded up 0.62% during trading on Friday, reaching $24.50. The company’s stock had a trading volume of 2,953 shares. The firm has a market cap of $145.80 million, a P/E ratio of 19.14 and a beta of 0.43. Sussex Bancorp has a one year low of $16.50 and a one year high of $28.55. The stock’s 50 day moving average is $23.64 and its 200 day moving average is $24.40.
Sussex Bancorp (NASDAQ:SBBX) last released its earnings results on Friday, July 28th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Sussex Bancorp had a return on equity of 9.43% and a net margin of 15.13%. The firm had revenue of $8.71 million for the quarter, compared to analysts’ expectations of $9.10 million. On average, equities analysts forecast that Sussex Bancorp will post $1.38 EPS for the current fiscal year.
In other news, Director Mark J. Hontz sold 2,100 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total value of $50,274.00. Following the sale, the director now directly owns 12,132 shares of the company’s stock, valued at $290,440.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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