Q1 2018 Earnings Estimate for Sussex Bancorp Issued By FIG Partners (SBBX)
Sussex Bancorp (NASDAQ:SBBX) – Stock analysts at FIG Partners issued their Q1 2018 EPS estimates for shares of Sussex Bancorp in a report released on Monday. FIG Partners analyst D. Bishop anticipates that the financial services provider will post earnings of $0.21 per share for the quarter. FIG Partners also issued estimates for Sussex Bancorp’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.83 EPS.
Other research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $32.50 price target on shares of Sussex Bancorp in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of Sussex Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a report on Saturday, December 30th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Sussex Bancorp by 73.0% during the second quarter. Vanguard Group Inc. now owns 100,717 shares of the financial services provider’s stock worth $2,493,000 after purchasing an additional 42,503 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sussex Bancorp by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 99,943 shares of the financial services provider’s stock worth $2,474,000 after purchasing an additional 2,979 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Sussex Bancorp by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 65,347 shares of the financial services provider’s stock worth $1,754,000 after purchasing an additional 2,732 shares during the last quarter. Stifel Financial Corp acquired a new position in Sussex Bancorp during the second quarter worth $520,000. Finally, Victory Capital Management Inc. acquired a new position in Sussex Bancorp during the fourth quarter worth $342,000. Institutional investors and hedge funds own 41.12% of the company’s stock.
In other news, EVP Sergio Enzo Musacchio sold 1,199 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $26.32, for a total value of $31,557.68. Following the completion of the transaction, the executive vice president now owns 3,448 shares in the company, valued at $90,751.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.60% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, February 6th. Sussex Bancorp’s dividend payout ratio (DPR) is presently 21.82%.
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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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