ValuEngine cut shares of Sussex Bancorp (NASDAQ:SBBX) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Sussex Bancorp from a hold rating to a sell rating in a report on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $28.50 price target on shares of Sussex Bancorp in a report on Tuesday, October 3rd.

Shares of Sussex Bancorp (NASDAQ SBBX) remained flat at $$27.00 during trading on Friday. 12,718 shares of the stock traded hands, compared to its average volume of 7,719. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.03 and a quick ratio of 1.03. Sussex Bancorp has a 52-week low of $18.00 and a 52-week high of $28.55. The stock has a market cap of $163.08, a PE ratio of 19.01 and a beta of 0.53.

Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.19%. The firm had revenue of $9.60 million during the quarter, compared to the consensus estimate of $9.60 million. equities research analysts expect that Sussex Bancorp will post 1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, November 9th. Sussex Bancorp’s payout ratio is 18.18%.

Several large investors have recently made changes to their positions in the stock. Alpine Woods Capital Investors LLC bought a new position in shares of Sussex Bancorp in the 3rd quarter valued at about $231,000. Stifel Financial Corp bought a new position in shares of Sussex Bancorp in the 2nd quarter valued at about $520,000. Banc Funds Co. LLC lifted its holdings in shares of Sussex Bancorp by 101.5% in the 2nd quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock valued at $12,778,000 after acquiring an additional 264,320 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sussex Bancorp by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 99,943 shares of the financial services provider’s stock valued at $2,474,000 after acquiring an additional 2,979 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Sussex Bancorp by 161.2% in the 2nd quarter. Advisor Group Inc. now owns 5,832 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 3,599 shares during the last quarter. 54.04% of the stock is owned by hedge funds and other institutional investors.

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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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