Sussex Bancorp (NASDAQ:SBBX)‘s stock had its “buy” rating reissued by investment analysts at Keefe, Bruyette & Woods in a report released on Tuesday. They presently have a $28.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.50% from the company’s current price.

Shares of Sussex Bancorp (NASDAQ:SBBX) opened at 24.05 on Tuesday. The stock has a market cap of $143.12 million, a P/E ratio of 18.79 and a beta of 0.43. The firm’s 50-day moving average price is $23.60 and its 200 day moving average price is $24.41. Sussex Bancorp has a 1-year low of $16.50 and a 1-year high of $28.55.

Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Sussex Bancorp had a return on equity of 9.43% and a net margin of 15.13%. The business had revenue of $8.71 million for the quarter, compared to analysts’ expectations of $9.10 million. On average, equities analysts expect that Sussex Bancorp will post $1.38 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Sussex Bancorp (SBBX) Rating Reiterated by Keefe, Bruyette & Woods” was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/10/04/sussex-bancorp-sbbx-rating-reiterated-by-keefe-bruyette-woods.html.

In other news, Director Mark J. Hontz sold 2,100 shares of Sussex Bancorp stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total transaction of $50,274.00. Following the sale, the director now owns 12,132 shares in the company, valued at $290,440.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.60% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Seidman Lawrence B increased its position in Sussex Bancorp by 16.6% in the 2nd quarter. Seidman Lawrence B now owns 296,417 shares of the financial services provider’s stock valued at $7,218,000 after acquiring an additional 42,100 shares during the period. Stieven Capital Advisors L.P. acquired a new position in Sussex Bancorp in the 2nd quarter valued at about $3,751,000. Emerald Mutual Fund Advisers Trust increased its position in Sussex Bancorp by 434.8% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 182,747 shares of the financial services provider’s stock valued at $4,450,000 after acquiring an additional 148,574 shares during the period. Banc Funds Co. LLC increased its position in 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 period. Finally, Wells Fargo & Company MN increased its position in Sussex Bancorp by 85.1% in the 1st quarter. Wells Fargo & Company MN now owns 50,536 shares of the financial services provider’s stock valued at $1,238,000 after acquiring an additional 23,233 shares during the period. Hedge funds and other institutional investors own 52.71% of the company’s stock.

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.

Receive News & Ratings for Sussex Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sussex Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.