Somewhat Positive News Coverage Somewhat Unlikely to Affect Sussex Bancorp (SBBX) Share Price
Press coverage about Sussex Bancorp (NASDAQ:SBBX) has been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sussex Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.4183260392901 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Sussex Bancorp (NASDAQ SBBX) traded up 0.04% during midday trading on Tuesday, reaching $23.85. The company’s stock had a trading volume of 1,321 shares. Sussex Bancorp has a 12-month low of $15.14 and a 12-month high of $28.55. The firm has a market cap of $114.84 million, a price-to-earnings ratio of 18.63 and a beta of 0.43. The company’s 50-day moving average is $24.47 and its 200 day moving average is $24.09.
Sussex Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $8.71 million during the quarter, compared to analyst estimates of $9.10 million. Sussex Bancorp had a return on equity of 10.68% and a net margin of 15.13%. Equities analysts forecast that Sussex Bancorp will post $1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. Sussex Bancorp’s payout ratio is 18.75%.
Several research firms have weighed in on SBBX. Zacks Investment Research upgraded Sussex Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Thursday, May 4th. ValuEngine upgraded Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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In other news, insider Anthony J. Labozzetta purchased 6,250 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average price of $24.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the insider now owns 233,199 shares of the company’s stock, valued at $5,596,776. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark J. Hontz sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $23.94, for a total value of $50,274.00. Following the completion of the sale, the director now owns 12,132 shares of the company’s stock, valued at approximately $290,440.08. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by insiders.
About Sussex Bancorp
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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