Zacks Investment Research lowered shares of Sussex Bancorp (NASDAQ:SBBX) from a hold rating to a sell rating in a report issued on Tuesday.

According to Zacks, “Sussex Bancorp is the holding company for the Sussex Bank, which operates through its main office in Franklin, New Jersey and branch offices in Andover, Augusta, Newton, Montague, Sparta, Vernon and Wantage, New Jersey and for Tri-State Insurance Agency, Inc, a full service insurance agency located in Augusta, New Jersey. “

Separately, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $28.50 target price on shares of Sussex Bancorp in a research note on Tuesday, October 3rd.

Shares of Sussex Bancorp (SBBX) traded up $0.15 during mid-day trading on Tuesday, reaching $25.20. The company’s stock had a trading volume of 8,863 shares, compared to its average volume of 14,120. Sussex Bancorp has a 52 week low of $17.30 and a 52 week high of $28.55. The stock has a market capitalization of $153.12, a P/E ratio of 17.85 and a beta of 0.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.90.

Sussex Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $9.60 million for the quarter, compared to analysts’ expectations of $9.60 million. Sussex Bancorp had a net margin of 15.97% and a return on equity of 9.91%. equities research analysts anticipate that Sussex Bancorp will post 1.31 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, November 9th. Sussex Bancorp’s dividend payout ratio (DPR) is presently 18.05%.

Several large investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC boosted its stake in shares of Sussex Bancorp by 101.5% during the second quarter. Banc Funds Co. LLC now owns 524,767 shares of the financial services provider’s stock valued at $12,778,000 after purchasing an additional 264,320 shares during the period. Seidman Lawrence B lifted its stake in Sussex Bancorp by 16.6% in the second quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock worth $7,218,000 after acquiring an additional 42,100 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake 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 acquiring an additional 148,574 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in Sussex Bancorp in the second quarter worth $3,751,000. Finally, Alliancebernstein L.P. lifted its stake in Sussex Bancorp by 86.9% in the second quarter. Alliancebernstein L.P. now owns 145,980 shares of the financial services provider’s stock worth $3,555,000 after acquiring an additional 67,892 shares during the period. 52.67% of the stock is owned by hedge funds and other institutional investors.

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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