Sussex Bancorp (NASDAQ:SBBX) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Sussex Bancorp from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research note on Saturday, December 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.50 price target on shares of Sussex Bancorp in a research note on Friday, December 22nd.

Shares of Sussex Bancorp (NASDAQ:SBBX) opened at $28.25 on Thursday. Sussex Bancorp has a one year low of $19.75 and a one year high of $29.70. The stock has a market cap of $223.20, a price-to-earnings ratio of 19.48 and a beta of 0.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.

Sussex Bancorp (NASDAQ:SBBX) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Sussex Bancorp had a net margin of 12.94% and a return on equity of 9.29%. The firm had revenue of $9.83 million for the quarter, compared to the consensus estimate of $9.80 million. analysts expect that Sussex Bancorp will post 1.83 earnings per share for the current fiscal year.

In related news, EVP Sergio Enzo Musacchio sold 1,199 shares of Sussex Bancorp stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $26.32, for a total transaction of $31,557.68. Following the sale, the executive vice president now owns 3,448 shares of the company’s stock, valued at approximately $90,751.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SBBX. Vanguard Group Inc. increased its position in shares of Sussex Bancorp by 73.0% in the 2nd 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. Stifel Financial Corp bought a new stake in shares of Sussex Bancorp in the 2nd quarter worth about $520,000. Wells Fargo & Company MN increased its position in shares of Sussex Bancorp by 26.5% in the 2nd quarter. Wells Fargo & Company MN now owns 63,914 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 13,378 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Sussex Bancorp in the 4th quarter worth about $342,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of Sussex Bancorp in the 3rd quarter worth about $231,000. 41.12% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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