Sussex Bancorp (SBBX) Sets New 52-Week High at $16.20
Sussex Bancorp (NASDAQ:SBBX) reached a new 52-week high on Tuesday . The stock traded as high as $16.20 and last traded at $16.17, with a volume of 16,091 shares traded. The stock had previously closed at $16.10.
Several equities research analysts have recently weighed in on the company. TheStreet lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Hovde Group raised their price objective on Sussex Bancorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered Sussex Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.33.
The firm has a 50 day moving average of $14.70 and a 200-day moving average of $13.49. The company has a market capitalization of $74.71 million and a price-to-earnings ratio of 16.33.
Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. On average, equities research analysts anticipate that Sussex Bancorp will post $1.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, August 8th.
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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